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State Bank sells treasury bills worth Rs88.82 bln at auction

SAMAA | - Posted: Feb 21, 2013 | Last Updated: 9 years ago
SAMAA |
Posted: Feb 21, 2013 | Last Updated: 9 years ago

Web DeskKARACHI: The State Bank of Pakistan on Wednesday sold three-, six- and 12-month treasury bills worth Rs88.82 billion at an auction.In a statement, the central bank said it sold 3-month market treasury bill worth Rs83.775 billion at a cut-off yield of 9.26 percent, six-month paper worth Rs4.82 billion at 9.36 percent and 12-month bill worth Rs219.5 million at an annual yield of 9.39 percent.Banks have offered total bids worth Rs97.17 billion for the three-, six- and 12-month treasury bills.The settlement of the auction will be carried out on Thursday. – SAMAA

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