SBP accepts bids worth Rs223.162bn for T-Bills

KARACHI: The State Bank of Pakistan (SBP) has accepted bids with a face value of Rs. 223.162 billion from primary dealers against the tender for sale of Market Treasury Bills (MTBs) for three, six and 12 months for from February 4 to 6, 2013).

According to SBP here Wednesday, the cut-off yield for three months stood to 9.0942pc, 6-month 9.1645pc and 12-month 9.2553pc.

SBP obtained Rs. 69.198 billion for 3-month TBills, Rs. 141.863 billion for 6-month TBills and Rs. 12.100 billion for 12-months. The offered amount was Rs. 315.162 billion.