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Pakistan targets 290 bln rupees in T-bill auctions
Reuters - 1 hour 40 minutes ago
KARACHI, Nov 11 - Pakistan's central bank said on Tuesday it would auction 290 billion rupees worth of three-, six-, and 12-month Treasury bills up to the end of December.
The State Bank of Pakistan said there would be four auctions before the end of the year, with the next one on Nov. 19 with a target of 75 billion rupees and with settlement due the following day.
Subsequent auctions will be on Dec. 3 and Dec. 17, both with a target of 70 billion rupees, and both with settlement due the day after the auction, the bank said.
The last auction of the year will be on Dec. 31, with a target of 75 billion rupees and settlement due on Jan. 2.
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