June 29, 2022 (MLN): The State Bank of Pakistan (SBP) has raised Rs1.74 trillion through the auction of three, six, and twelve-month T-bills against the target of Rs800bn and maturity of Rs791bn.

In the auction conducted on Wednesday, the cut-off yields for 3-month and 6-month saw a dip of 2 and 15 bps to stand at 15.23% and 14.8% respectively, while 12-months yields remained flat at 14.95%.

The market had offered Rs2.37tr, out of which the government accepted bids amounting to Rs1.74tr.

SBP received bids worth Rs1.9tr for 3-month T-bills, Rs279bn for 6-month, and Rs190bn for 12-month.

The total amount raised for 3-month T-bills was Rs1.73tr, Rs4bn for 6-month, and Rs6bn for 12-month T-bills.

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