DOMESTIC MARKETS & MONETARY MANAGEMENT DEPARTMENT

STATE BANK OF PAKISTAN

Government of Pakistan Market Treasury Bills (MTB's) Auction Result

Tenders for Sale of 3 - Month, 6 - Month & 12 - Month Government of Pakistan Market Treasury Bills
were invited by State Bank of Pakistan through Primary Dealers on March 25, 2020 with settlement
date on March 26, 2020. Auction Target was Rs. 500.00 billion. Bids were opened at 1215 hours on
March 25, 2020 which were received as follows:

(Amount in PKR million)

Tenor Realized Value Face Value

03 Month 329,246.997 337,805.300

06 Month 198,343.059 209,460.000

12 Month 719,677.280 799,442.200

Total 1,247,267.336 1,346,707.500

Out of the above bids, the accepted bids are as under:

(Amount in PKR million)
Weighted
Tenor Realized Value Face Value Cut-Off Yield
Average Yield
(% per annum basis)
03 Month 236,147.078 242,243.300 11.2985% 11.2174%

06 Month 143,929.613 151,960.000 11.2989% 11.1895%

12 Month 142,351.941 157,500.000 10.8699% 10.6706%

Total 522,428.632 551,703.300

In addition to above Non-Competitive Bids accepted are as under:

(Amount in PKR million)
Tenor Realized Value Face Value Price
03-Month 12,599.598 12,924.865 97.4834

06-Month 8,393.025 8,861.310 94.7154

12-Month 10,825.281 11,977.240 90.3821

Total 31,817.904 33,763.415

Total acceptance in Auction inclusive of Non-Competitive Bids are as follows:-

(Amount in PKR million)

Tenor Realized Value Face Value

03-Month 248,746.676 255,168.165

06-Month 152,322.638 160,821.310

12-Month 153,177.222 169,477.240

Total 554,246.536 585,466.715

Money Market & Monetary Management Division

Tel: +92-21-3245 3466 Fax:+92-21-9922 1476