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Govt raises PKR 634 billion through T-bills auction

Cut-off yields declined by 1-5 basis points

admin-augaf by admin-augaf
August 25, 2021
in Business
Reading Time: 1 min read
0
Cut-off yields declined by 1-5 basis points

Cut-off yields declined by 1-5 basis points

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KARACHI: On August 25, 2021 raised PKR 634 billion through auction of market treasury bills.
The government received total bids of worth PKR 1,555 billion and the highest bids of PKR 1,054 billion for 6 Month
T-bills followed by PKR 322 billion for 3 Months and PKR 180 billion for 12 Months.


A L S O || R E A D

PSX Issued Notices To Companies Including Dewan And TPL Group For Unusual Price Movement


The cut-off yields for 3 Months paper slightly down by 1 basis points to 7.2347 percent and for 6 Months it is also down by 5 basis points to 7.4389 percent. For 12 months, SBP rejected the bids.

The government raised PKR 634 billion in latest auction. Mostly raised in 6 Months which was PKR 458 billion followed by 3 Months of PKR 176. The target for the auction was PKR 800 billion.


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