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    The State Bank of Pakistan held an auction for 3-month, 6-month, and 12-month government treasury bills. The auction target was Rs. 100 billion. For the 3-month bills, bids of Rs. 1,436.89 billion were received but only bids of Rs. 702.771 billion were accepted at a cut-off yield of 8.8%. An additional Rs. 6,744.631 billion of non-competitive bids for the 3-month bills were accepted. In total, Rs. 7,447.402 billion of 3-month bills were accepted. No bids were accepted for the 6-month or 12-month bills.

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    The State Bank of Pakistan held an auction for 3-month, 6-month, and 12-month government treasury bills. The auction target was Rs. 100 billion. For the 3-month bills, bids of Rs. 1,436.89 billion were received but only bids of Rs. 702.771 billion were accepted at a cut-off yield of 8.8%. An additional Rs. 6,744.631 billion of non-competitive bids for the 3-month bills were accepted. In total, Rs. 7,447.402 billion of 3-month bills were accepted. No bids were accepted for the 6-month or 12-month bills.

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    14 views1 page

    State Bank of Pakistan: Domestic Markets & Monetary Management Department

    Uploaded by

    alibuxjatoi
    The State Bank of Pakistan held an auction for 3-month, 6-month, and 12-month government treasury bills. The auction target was Rs. 100 billion. For the 3-month bills, bids of Rs. 1,436.89 billion were received but only bids of Rs. 702.771 billion were accepted at a cut-off yield of 8.8%. An additional Rs. 6,744.631 billion of non-competitive bids for the 3-month bills were accepted. In total, Rs. 7,447.402 billion of 3-month bills were accepted. No bids were accepted for the 6-month or 12-month bills.

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    DOMESTIC MARKETS & MONETARY MANAGEMENT DEPARTMENT

    STATE BANK OF PAKISTAN

    Government of Pakistan Market Treasury Bills (MTB's) Auction Result

    Tenders for Sale of 3 - Month, 6 - Month & 12 - Month Government of Pakistan Market Treasury Bills were
    invited by State Bank of Pakistan through Primary Dealers on November 20, 2018 with settlement date
    on November 22, 2018. Auction Target was Rs. 100.00 billion. Bids were opened at 1200 hours on
    November 20, 2018 which were received as follows:

    (Amount in PKR million)

    Tenor Realized Value Face Value


    03 Month 1,436.890 1,467.000

    06 Month 1,903.210 2,000.000

    12 Month No Bid Received

    Total 3,340.100 3,467.000

    Out of the above bids, the accepted bids are as under:


    (Amount in PKR million)
    Weighted
    Tenor Realized Value Face Value Cut-Off Yield
    Average Yield
    (% per annum basis)
    03 Month 702.771 717.000 8.8000% 8.7981%

    06 Month Bid Rejected

    12 Month No Bid Received

    Total 702.771 717.000

    In addition to above Non-Competitive Bids accepted are as under:


    (Amount in PKR million)
    Tenor Realized Value Face Value Price
    03-Month 6,744.631 6,881.195 98.0154

    06-Month Bids Rejected

    12-Month No Bid Received

    Total 6,744.631 6,881.195

    Total acceptance in Auction inclusive of Non-Competitive Bids are as follows:-


    (Amount in PKR million)

    Tenor Realized Value Face Value


    03-Month 7,447.402 7,598.195

    06-Month - -

    12-Month - -

    Total 7,447.402 7,598.195

    Money Market & Monetary Management Division


    Tel: +92-21-3245 3466 Fax:+92-21-9922 1476

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