Govt raises over Rs1tr through T-bills

The government on Wednesday raised Rs1.096 trillion through auction of treasury bills and Rs70bn through Pakistan Investment Bonds.

However, the cut-off yields on all the tenors of the T-bills were unchanged.

According to a local media report, the government raised Rs388.7bn against the bids of Rs749bn for three-month at 7.32 per cent.

The highest amount of Rs707.6bn was raised for 6-month T-bills at 7.6pc. The bids for this tenor were Rs1.113tr reflecting the investment trends.

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It shows that the investors were sure that interest rate may change slightly during the next six months.

The smallest amount of Rs25 million was raised for 12-month papers at 7.67pc. The total bids received for the auctions of all tenors of T-bills were Rs1.905tr.

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