MTB Auction Result: SBP Sells T-Bills worth Rs.49.208 Billion

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MG News | August 15, 2018 at 05:39 PM GMT+05:00

SBP conducted an auction on Wednesday in which it sold Treasury bills worth Rs49.208 Billion for 3 Months.

No bids were made for the 6 and 12 month T-bills. Cut off yield for 3m remained unchanged at 7.75%

The state bank had received bids worth Rs. 45.441 billion against an auction target of Rs.100 Billion and a maturing amount of Rs.12.159 billion.

The SBP accepted Rs.40.441 Billon from competitive bids while it accepted Rs.8.767 Billion from non-competitive bids making the total accepted face value Rs.49.208 Billion.

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