SBP raises Rs693bn through T-bills auction, returns soar to 55bps

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March 23, 2022 (MLN): T-bills cut-off yields were increased by up to 55 basis points on Tuesday during the auction held by the State Bank of Pakistan (SBP).

The government raised Rs693bn through the auction of three-, six- and 12-month T-bills against the target of Rs800bn with a maturity of Rs793bn.

The cut-off yields for 3-month, 6-month and 12-month T-bills saw an increase of 55, 40 and 40 basis points to 12%, 12.5% ​​and 12.7% respectively.

The market bid Rs893billion, of which the government accepted bids of Rs693bn.

SBP received bids worth Rs308 billion for 3-month T-bills, Rs291bn for 6 months and Rs294bn for 12 months.

The total amount raised for 3 month T-bills was Rs 283.29 billion, Rs 235.4 billion for 6 months and Rs 174.81 billion for 12 months T-bills.

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