SBP accepts bids for T-Bills

KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids for three and six months treasury bills, having a total face value of Rs 4.835 billion.

According to the SBP, offers of about Rs 86.879 billion were received from primary dealers (banks) for T-bills of three, six and 12 months maturity.

The cut off yield for three months was 11.7367 percent and for six months 11.8070 percent per annum. Bids for 12 months were rejected by SBP.