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Government Issues T-Bills to Raise $467 billion

  • author
  • 2022-08-10 23:02:21
  • News
Government Issues T-Bills to Raise $467 billion

Description:

In the Wednesday paper auction, the cut-off yields on Treasury Bills (T-Bills) stayed largely unchanged.

In the auction, the government raised Rs. 467 billion versus an initial target of Rs. 550 billion and a maturities of Rs. 429 billion, according to data provided by the State Bank of Pakistan (SBP).


In the competitive auction, the government raised Rs. 339 billion versus a target of Rs. 150 billion for the three-month paper and Rs. 10 billion versus a target of Rs. 200 billion for the six-month note. Additionally, it raised Rs 65 billion through the 12-month bond as during auction versus a target of Rs 200 billion. The 12 month T-bill cut-off yield was increased by 0.39 basis points.

The government additionally raised Rs. 53 billion via non-competitive bids, according to a further breakdown of the official figures, bringing the total profits to Rs. 467 billion.

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