SBP conduct a MTB auction on wednesday in which it sold Rs.85.62Bn in Treasry Bills against a pre-auction target of Rs.150Bn. All Bids for the 12m instrument was rejected, while the cut off yields for the 3M and 6M instruments remained unchanged from the previous auction.
|Tenor||Maturity||Bids #||Bid Amount||Bid Range|
|3M||03-Mar-16||36||91,548.00||6.2591 – 6.4380|
|6M||09-Jun-16||27||62,900.00||6.3946 – 6.4800|
|12M||08-Dec-16||6||14,000.00||6.4459 – 6.4914|
Out of the Above SBP Accepted the following
|Tenor||Cutoff Yld||W.A Yield||Realized||Face Value|
In the Non Competitive Auction the SBP sold T-Bills worth Rs.8.50Bn, making the total size of the Auction Rs.94.124Bn.