Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

MTB Auction Result: SBP Sells T-Bills worth Rs.455.87 Billion

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

April 10, 2019 (MLN): In the first auction conducted after the Policy Rate was raised by 50 basis points, the SBP received bids worth Rs.2,799.54 Billion against an auction target of Rs.350 Billion.

However, keeping in line with what has become tradition, the bids were mostly concentrated in the shortest tenor (3 month) T-bill with the SBP receiving only Rs.800 Million in bids for 6 months while no bids were made for the 12 month T-Bill.

The SBP accepted Rs.426.10 Billion for 3 months and Rs.150 Million for 6 Months.

Cut off Yield for 3 and 6 month increased to 11.00% and 11.0899%.

The SBP picked up an additional Rs.29.619 Billion in the non-competitive auction, making the total accepted amount Rs.455.872 Billion.

 

Copyright Mettis Link News

Posted on: 2019-04-10T22:30:00+05:00

27368