MTB Result – SBP Sells Rs.25 Billion against Target of Rs.125 Billion

    The Central Bank sold treasury bills worth Rs.25.90 Billion against a pre-auction target of Rs.125 Billion. The T-Bill Auction had very low participation and Cut off yields declined slightly. After being rejected for 2 straight auctions, Bids worth Rs.1 Billion for 12M paper were accepted.

    TenorMaturityBids #Bid AmountBid Range
    Summary of Bids Recieved
    3M17-Mar-161560,653.006.3374 – 6.4313
    6M23-Jun-161162,800.006.3637 – 6.4510
    12M22-Dec-16417,500.006.3914 – 6.4831
       140,953.00 

    Out of the Above, the SBP Accepted the following

    TenorCutoff YldW.A YieldRealizedFace Value
    3M6.33746.33746,904.107,000.00
    6M6.36376.363717,361.2117,900.00
    12M6.39146.3914940.701,000.00
        25,900.00

     

     23-Dec-1509-Dec-15Change
    Change in Yields
    3M6.33746.3933-0.0559
    6M6.36376.3946-0.0309
    12M6.3914Bids Rejected

     

    Posted on: 2015-12-23T19:02:00+05:00