KARACHI November 03, 2021: SBP raised PKR 285 billion through auction of market treasury bills. The government received total bids of worth PKR 753 billion and the highest bids of PKR 341 billion for 3 Month T-bills followed by PKR 232 billion for 12 Months and PKR 180 billion for 6 Months.
The cut-off yields for 3 Months paper increased by 25 basis points at 8.5003 percent. The cut-off yields for 6 Months paper clocked in at 8.5010 percent compared to 8.1901 percent in second last auction, in last auction SBP rejected the bids for 6M T.Bill.
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For 12 months, SBP rejected the bids. The government raised PKR 285 billion in latest auction.
Mostly raised in 3 Months which was PKR 281 billion followed by 6 Months of PKR 3 billion. The target for the auction was PKR 500 billion.
