SBP conduct a MTB auction on wednesday in which it sold Rs.85.62Bn in Treasry Bills against a pre-auction target of Rs.150Bn. All Bids for the 12m instrument was rejected, while the cut off yields for the 3M and 6M instruments remained unchanged from the previous auction.
Tenor | Maturity | Bids # | Bid Amount | Bid Range |
---|---|---|---|---|
3M | 03-Mar-16 | 36 | 91,548.00 | 6.2591 – 6.4380 |
6M | 09-Jun-16 | 27 | 62,900.00 | 6.3946 – 6.4800 |
12M | 08-Dec-16 | 6 | 14,000.00 | 6.4459 – 6.4914 |
168,448.00 |
Out of the Above SBP Accepted the following
Tenor | Cutoff Yld | W.A Yield | Realized | Face Value |
---|---|---|---|---|
3M | 6.3933 | 6.3817 | 64,673.17 | 65,623.00 |
6M | 6.3946 | 6.3946 | 19,382.00 | 20,000.00 |
12M | Bids Rejected | |||
85,623.00 |
In the Non Competitive Auction the SBP sold T-Bills worth Rs.8.50Bn, making the total size of the Auction Rs.94.124Bn.