Rs951bn raised with increase in T-bills yields by up to 130%

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MG News | March 09, 2022 at 10:57 PM GMT+05:00

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March 09, 2022 (MLN): The cut-off yields on treasury bills were increased by up to 130 basis points in the auction conducted by the State Bank of Pakistan (SBP) on Wednesday.

The government raised Rs951 billion through the auction of three, six, and 12-month T-bills while the target was Rs1,000bn. However, the maturity was at Rs1,117bn.

The cut-off yields for 3, 6, and 12 months saw an increase of 96, 121, and 130 basis points to stand at 11.45%, 12.10%, and 12.30%, respectively.

The total amount raised for 3-month T-bills was Rs511bn, Rs256bn for 6-month, and Rs143bn for 12-month MTBs.

In addition, the SBP picked up Rs910bn from the competitive auction and Rs41.53bn from non-competitive bids, making the total amount accepted Rs951.47bn.

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