The State Bank of Pakistan (SBP) on Wednesday accepted bids worth Rs 93.062 billion with realised value of Rs 84.842 billion, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs). The SBP has conducted auction of 3-month, 6-month & 12-month government MTBs through primary dealers on March 23-24, 2010.
Bids were opened on March 24, in which the SBP received overall some of Rs 140.362 billion worth tender for the sale of 3-month, 6-month & 12-month MTBs. Bids for the 3-month were received worth Rs 25.385 billion, Rs 27.285 billion for 6-month and Rs 87.692 billion for the 12-month T-bills.
The central bank accepted Rs 9.865 billion worth bids for the sale of 3-months MTBs and set cut-off yield at 12.1954 percent. The six-month T-bills yield set at 12.3481 percent with Rs 16.085 billion bids and for the 12-month, SBP accepting Rs 67.292 billion bids has set cut-off yield at 12.4062 percent.
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