Auction Result: Govt raises Rs325.5bn through T-bills

MG News | January 22, 2025 at 09:55 PM GMT+05:00

0:00

January 22, 2025 (MLN):The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs325.5 billion.

The target was to raise Rs350 billion while the maturity amount was Rs515bn.

Cut off yields stood at 11.5887% (-20bps) for 3 months, 11.4048% (-39bps) for 6 months, and 11.3898% (-41bps) for 12 months.

Total amount offered was Rs1.4tr, with the SBP receiving bids worth Rs163.14bn for 3 months, Rs373.48bn for 6 months, and Rs864.04bn for 12 months.

Out of this, SBP accepted Rs3.31bn for 3 months, Rs5bn for 6 months, and Rs211.97bn for 12 months.

In addition, the central bank picked up Rs105.23bn from the non-competitive auction, making the total amount accepted Rs325.5bn.

The bid-to-cover ratio, which shows the amount of bids received versus the amount sold, rose to 4.3 as against 3.04 in the previous auction. In other words, the SBP accepted about 23.2% of the total bids it received.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,351.95 227.35M	2.24% 3717.10
ALLSHR	100,756.25 433.10M	2.10% 2070.30
KSE30	51,122.26 123.17M	2.27% 1135.16
KMI30	245,257.19 102.78M	2.32% 5569.94
KMIALLSHR	65,989.43 221.09M	2.14% 1385.54
BKTi	46,289.31 44.07M	1.86% 844.71
OGTi	34,623.76 6.12M	1.94% 659.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,270.00	74,900.00 74,015.00	-130.00 -0.17%
BRENT CRUDE	95.78	95.79 93.93	0.99 1.04%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.40 0.38%
ROTTERDAM COAL MONTHLY	105.90	105.90 105.90	0.40 0.38%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	91.67	92.38 86.96	0.39 0.43%
SUGAR #11 WORLD	13.93	13.95 13.56	0.25 1.83%