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HomeCentral BankAuction Result: SBP Sells T-Bills worth Rs.1,549.71 Billion

Auction Result: SBP Sells T-Bills worth Rs.1,549.71 Billion

March 24, 2021 (MLN): The State Bank fo Pakistan(SBP) conducted an auction on Wednesday in which it sold Market Treasury Bills (MTBs) worth Rs.1,549.71 billion for 3 and 6 months.

Auction target was Rs.1,050.00 billion against a maturing amount of Rs.986.00 billion.

Cut off yield for 3 and 6 months were 7.5398 and 7.8 percent.

Total amount offered was Rs.2,092.22 billion out of which the SBP accepted Rs.1,519.58 billion. The SBP received bids worth Rs.1,538.01 billion for 3 months and Rs.486.20 for 6 months out of which it accepted Rs.1,130.68 billion and Rs. 388.90 billion respectively. All bids for the 12 month T-Bill were rejected.

In addition the SBP picked up Rs.30.13 billion from the non-competitive auction, making the total amount accepted Rs.1,549.71 billion.

 

Copyright Mettis Link News

Posted on: 2021-03-24T21:04:00+05:00

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