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Govt raises Rs1.66tr from T-bills

SBP to issue new currency notes
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December 15, 2022 (MLN): The government on Wednesday raised Rs1.66 trillion from the auction of treasury bills against a target of Rs1.35tr, result data published by the State Bank of Pakistan (SBP) showed.

The SBP received bids worth Rs2.28tr, of which Rs1.72tr were for three-month papers, Rs294bn for six-month, and Rs275bn for 12-month papers.

Against this, the government accepted bids worth Rs1.57tr in three-month, Rs40bn in six-month, and Rs10bn in 12-month papers.

The cut-off yields remained unchanged for three-month papers at 16.99% while increasing by 10bps to 16.89% for six-month papers.

On the other hand, the cut-off yields for 12-month papers fell by 4bps to 16.80%.

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Posted on: 2022-12-15T10:43:41+05:00