The State Bank of Pakistan on Wednesday accepted bids worth Rs 119.224 billion for the sale of sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs). In response to the State Bank''s tender, T-bills fetched Rs 148.519 billion worth bids with realised value of Rs 132.565 billion through Primary Dealers from August 23 to August 24, 2011.
However, the SBP accepted bids worth Rs 119.224 billion with a realised amount of Rs 105.611 billion. The SBP had set a cut-off yield 13.0697 percent for the sale of 3-month MTBs and accepted bids worth Rs 1.415 billion. For the 6-month the State Bank accepted Rs 4.709 billion bids with 13.2787 percent cut-off yield. Similarly, a cut-off yield of 13.3768 percent was set for the 12-month MTBs with Rs 113.1 billion bids.
SBP has issued the following: Tenders for Sale of 3-Month, 6-Month & 12-Month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi through Primary Dealers from August 23 to August 24, 2011. Bids were opened at 11:30 hours on August 24, 2011, which were received as follows:
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(Rs In Millions)
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Realised Value Face Value
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03-Month 5,047.162 5,200.000
06-Month 17,521.631 18,684.000
12-Months 109,996.432 124,635.000
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Total 132,565.225 148,519.000
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Out of the above bids, the accepted bids are as under:
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Maturity Cut-Off Weighted Realised Face
Period Yield Avg. Yield Amount Value
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03-Month 13.0697 13.0288 1,373.808 1,415.000
06-Month 13.2787 13.2772 4,416.602 4,709.000
12-Months 13.3768 13.3392 99,821.180 113,100.000
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Total 105,611.590 119,224.000
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