SBP raises Rs614bn via T-bills auction, yields rise by up to 70bps
MG News | April 20, 2022 at 08:57 PM GMT+05:00
April 20, 2022 (MLN): The cut-off yields of T-bills were increased by up to 70 basis points in the auction conducted by the State Bank of Pakistan (SBP) on Wednesday.
The government raised Rs614 billion through the auction of three, six, and twelve-month T-bills against the target of Rs600bn and maturity of Rs541bn.
The cut-off yields for 3-month, 6-month, and 12-month T-bills saw an increase of 70, 60, and 55 basis points to stand at 13.5%, 13.85%, and 13.85%, respectively.
The market had offered Rs914billion, out of which the government accepted bids amounting to Rs568bn.
SBP received bids worth Rs406bn for 3-month T-bills, Rs2481bn for 6-month, and Rs259bn for 12-month.
The total amount raised for 3-month T-bills was Rs291bn, Rs166bn for 6-month, and Rs111bn for 12-month T-bills.
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