SBP raises Rs1,399bn via T-bills auction, yields increase by 1-15 bps

MG News | September 22, 2022 at 10:06 AM GMT+05:00

0:00

September 22, 2022 (MLN): The State Bank of Pakistan (SBP) raised Rs1,399 billion on Wednesday, against the target of Rs1,500 billion through the auction of three, six, and twelve-month T-bills.

According to the auction result, the cut-off yields for six, and twelve-month papers increased by 15 basis points (bps) and 1 bps to 15.9998% and 15.99% respectively. While the cut-off yield for 3-month papers remained unchanged at 15.9999%.

The market had offered Rs2,479bn, out of which the government accepted bids amounting to Rs1,399bn, against the target of Rs1,500bn and the maturity of Rs1,968bn.

The highest participation was seen in 3-month bonds as SBP received bids worth Rs1,850 billion for 3-month, Rs290 billion for 6-month, and Rs339 billion for 12-month T-bills.

The SBP accepted bids worth Rs1,273 billion for 3-month papers, Rs80 billion for 6-month papers and Rs46 billion for 12-month bonds.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%