MTB Auction: SBP Sells T-Bills Worth Rs.501.49 Billion
MG News | May 09, 2018 at 04:42 PM GMT+05:00
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The State Bank of Pakistan conducted an auction on Wednesday in which it sold T-Bills worth Rs. 501.49 Billion for 3 and 6 Months. The SBP received no bids for the 12 month T-Bill. The Cutoff Yields remained unchanged from the previous auction.
The SBP sold Rs.481.97 Billion in 3 Months and Rs. 2.00 Billion in 6 Months. Total Non Competitive Bids fetched an additional Rs.17.51 Billion.
The Auction Target was Rs.950 Billion against a maturing amount of Rs.1,187.020 Billion.
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