SBP raises Rs685bn through MTB auction

MG News | October 14, 2026 at 05:40 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 14, 2026 (MLN): The State Bank of Pakistan raised Rs685.53bn in face value terms through the auction of Market Treasury Bills (MTBs), inclusive of competitive and non-competitive bids, against total face value bids of Rs2,640.41bn received across four tenors.

Tenders for the sale of 1-Month, 3-Month, 6-Month, and 12-Month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan through Primary Dealers on October 14, 2026, with a settlement date of October 15, 2026.

Total face value bids received stood highest in the 1-Month tenor at Rs981.49bn, followed by Rs841.97bn in the 6-Month, Rs415.99bn in the 12-Month, and Rs400.95bn in the 3-Month tenor.

Face value bids received

Tenor	Face Value (Rs bn)
1-Month	981.49
3-Month	400.95
6-Month	841.97
12-Month	415.99
Total	2,640.41

Of the total, competitive bids worth Rs417.61bn were accepted across the four tenors.

The 6-Month tenor led with Rs224.20bn accepted at a cut-off yield of 12.3989%, followed by the 1-Month at Rs101.10bn at 11.5003%, the 3-Month at Rs81.81bn at 11.9999%, and the 12-Month at Rs10.50bn at 12.4999%.

Cut-off yields moved in mixed directions across the four tenors compared with the previous MTB auction held on September 30, with settlement on October 1, 2026.

The 1-Month yield eased 17.91bps to 11.5003% from 11.6794%, the 3-Month rose 0.55bps to 11.9999% from 11.9944%, the 6-Month declined 5.11bps to 12.3989% from 12.4500%, and the 12-Month rose 0.54bps to 12.4999% from 12.4945%.

Cut-Off yield comparison

Tenor	14-Oct-26	30-Sep-26	Change (bps)
1-Month	11.50%	11.68%	-17.91
3-Month	12.00%	11.99%	0.55
6-Month	12.40%	12.45%	-5.11
12-Month	12.50%	12.49%	0.54

Competitive bids accepted

Tenor	Face Value (Rs bn)	Cut-off Yield	Weighted Avg Yield
1-Month	101.1	11.50%	11.43%
3-Month	81.81	12.00%	11.89%
6-Month	224.2	12.40%	12.38%
12-Month	10.5	12.50%	12.45%
Total	417.61

An additional Rs267.92bn was accepted through non-competitive bids. The 3-Month tenor led this category at Rs228.31bn, followed by Rs17.71bn in the 6-Month, Rs12.87bn in the 1-Month, and Rs9.03bn in the 12-Month tenor.

Non-competitive bids

Tenor	Face Value (Rs bn)	Price
1-Month	12.87	99.1307
3-Month	228.31	97.3368
6-Month	17.71	94.1854
12-Month	9.03	88.9554
Total	267.92

Of the accepted non-competitive bids, Provincial Government bids accounted for Rs200.00bn, entirely within the 3-Month tenor. No Provincial Government bids were recorded in the 1-Month, 6-Month, or 12-Month tenors.

Provincial government bids (within NCBs)

Tenor	Face Value (Rs bn)
1-Month	-
3-Month	200
6-Month	-
12-Month	-
Total	200

The grand total raised through the MTB auction, inclusive of competitive and non-competitive bids, stood at Rs685.53bn in face value terms, led by the 6-Month tenor at Rs241.91bn.

Total acceptance (face value)

Tenor	Face Value Accepted (Rs bn)
1-Month	113.97
3-Month	310.12
6-Month	241.91
12-Month	19.53
Total	685.53

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,018.87 212.27M	0.87% 1454.80
ALLSHR	101,001.36 515.85M	0.66% 661.96
KSE30	49,411.77 62.47M	0.83% 408.34
KMI30	240,580.99 77.70M	0.99% 2354.58
KMIALLSHR	65,309.16 294.37M	0.72% 464.00
BKTi	45,925.86 14.05M	0.45% 203.62
OGTi	33,858.81 2.02M	0.58% 194.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,060.00	77,430.00 76,450.00	220.00 0.29%
BRENT CRUDE	105.86	107.24 104.27	1.09 1.04%
RICHARDS BAY COAL MONTHLY	129.00	129.00 129.00	0.75 0.58%
ROTTERDAM COAL MONTHLY	142.50	0.00 0.00	0.35 0.25%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	97.43	98.69 96.12	0.97 1.01%
SUGAR #11 WORLD	18.46	19.06 18.39	-0.60 -3.15%