SBP raises Rs1.84 trillion in treasury bills auction

The State Bank of Pakistan secured Rs1.841 trillion in its October 28 auction of Market Treasury Bills, against investor offers totalling Rs4.679 trillion, Profit by Pakistan Today reported. Three-month securities drew the largest accepted amount at a realised value of Rs855.09 billion, followed by one-month bills at Rs536.03 billion. The settlement is scheduled for October 29.

At face value, the government accepted Rs1.913 trillion across four maturities, including competitive and non-competitive bids. Cut-off yields ranged from 12.1055% for one-month bills to 12.8900% for 12-month papers, while the three-month and six-month rates were 12.4261% and 12.6500%, respectively. Accepted bids included Rs235.43 billion in non-competitive offers, of which Rs77.23 billion came from provincial governments; no provincial bids were accepted for 12-month bills.