KARACHI: The State Bank of Pakistan (SBP) has generated Rs57.57 billion in an auction of the market treasury bills.
The cut-off yields in three different maturities remained unchanged to the level of the previous auction held on March 30. The central accepted bids worth Rs57.57 billion at the face value of Rs60.41 billion against the offered amount of Rs232.74 billion.
The SBP accepted the bids amounting to Rs591 million, Rs22.52 billion and Rs34.45 billion for three-, six- and 12-month maturities. The maturities were accepted at the cut-off yield of 6.1697 percent, 6.1812 percent and 6.2079 percent, respectively. The government has set Rs225 billion target for the latest auction, which was to be paid against matured amount of Rs216 billion.
