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Pakistan targets 325 bln rupees in T-bill auctions
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Pakistan targets 325 bln rupees in T-bill auctions
Reuters - Friday, June 26
KARACHI, June 25 - Pakistan's central bank said on Thursday it would auction 325 billion rupees worth of 3-, 6-, and 12-month Treasury bills in the quarter starting on July 1 to the end of September.
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There would be six auctions in the quarter ending on Sept. 30 with the first on July 15, with a target of 45 billion rupees and with settlement due the following day, the State Bank of Pakistan said.
Subsequent auctions will be on July 29 and Aug. 12, with a target of 45 billion rupees and 80 billion rupees respectively. For both, settlement will be due the day after the auction, the bank said.
The next two auctions will be on Aug. 26 and Sept. 9 with a target of 60 billion rupees and 50 billion rupees respectively. For both, settlement will be due the day after the auction, the bank said.
The last auction for the quarter will be on Sept. 23, with a target of 45 billion rupees and settlement due the next day, the bank said.
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