The State Bank of Pakistan (SBP) will invite tenders (separately) for sale of Rs 20,000 million three-month, six-month and 12-month the government Market Treasury Bills from October 20 to 21, 2006 through primary dealers.
The tender will be opened at 11:30 hours on October 21, 2006 (Wednesday). Result of auction will be announced on the same day and the successful bidders would be required to deposit the amount of accepted bids on October 26, 2006.
The maturity date for the three-month market treasury bills is January 18, 2007, for six-month maturity on April 26, 2007 and for 12-month maturity date is October 25, 2007.