The State Bank of Pakistan (SBP) on Wednesday raised a total of Rs636 billion through two separate debt auctions. These included Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PFL), with the yields for most tenors remaining stable.
The SBP mobilized Rs526.97 billion from the sale of 1-month, 3-month, 6-month, and 12-month MTBs. The details are as follows:
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1-Month T-Bill: Rs88.8 billion raised at a cut-off yield of 10.90%.
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3-Month T-Bill: Rs66.2 billion raised with a yield of 10.85%.
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6-Month T-Bill: Rs76.5 billion raised at a yield of 10.85%.
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12-Month T-Bill: Rs75.0 billion raised with a yield of 10.99%.
Additionally, the SBP raised Rs109.25 billion through the sale of PFL bonds, with a 10-year tenor, yielding 95.5244. The overall demand was strong, with the non-competitive bids contributing significantly to the final outcome. The total amount raised in the auctions will help bolster Pakistan’s domestic financial position in the coming period.
