KARACHI (March 11 2010): The State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 88,339.775 million with realised value of Rs 81,357.159 million, for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills (MTBs).

The SBP has conducted auction of 3-month, 6-month & 12-month Government of MTBs through primary dealers on Wednesday, in which heavy participation has been witnessed and SBP received overall some Rs 130,934.775 million worth tender for the sale of 3-month, 6-month & 12-month MTBs.

Bids for the 3-month were received worth Rs 42,367.894 million, Rs 22,540.636 million for 6-month and Rs 56,474.808 million for the 12-month T-bills. The central bank accepted Rs 19,764.915 million worth bids for the sale of 3-months MTBs and cut-off yield remain unchanged at 12.1954 percent. With an increase of 6 basis points six-month and 12-month T-bills yield set at 12.3481 percent and 12.4062 percent respectively with an amount of Rs 20,824.86 million and Rs 47,750 million bids.

Copyright Business Recorder, 2010