The State Bank of Pakistan on Monday issued auction target calendar for sale of Government of Pakistan Market Treasury Bills 3-Months, 6-Months & 12-Months for the 3rd Quarter of FY11 (from January to March 2011) mentioned below.
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(Rs in millions)
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Auction Settlement Target
Date Date Amount
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12-Jan-1 13-Jan-11 175,000
26-Jan-1 27-Jan-11 185,000
9-Feb-11 10-Feb-11 150,000
23-Feb-1 24-Feb-11 150,000
9-Mar-11 10-Mar-11 170,000
22-Mar-1 24-Mar-11 150,000
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Total 980,000
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Bids will be invited (separately) on each auction date by the Director Domestic Markets & Monetary Management Department, State Bank of Pakistan, Karachi from Primary Dealers as follows:
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1. Receipt of Tenders Up to the date of respective Auction (11:15 hours)
2. Opening of Tenders 11:30 hours on the date of the respective Auction
3. Communication of result On the date of Auction
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Maturity dates of Government of Pakistan Market Treasury Bills sold in the auctions will be as follows:
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Tenor 3-Month 6-Month 12-Month
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13-Jan-1 7-Apr-11 14-Jul-11 12-Jan-12
27-Jan-1 21-Apr-11 28-Jul-11 26-Jan-12
10-Feb-1 5-May-11 11-Aug-11 9-Feb-12
24-Feb-1 19-May-11 25-Aug-11 23-Feb-12
10-Mar-1 2-Jun-11 8-Sep-11 8-Mar-12
24-Mar-1 16-Jun-11 22-Sep-11 22-Mar-12
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Bids can be rejected without assigning any reason, says a press release issued by the State Bank.-PR
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