Tenders for sale of 3-month, 6-month and 12-month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan through Primary Dealers from December 11 to 12, 2012. Bids were opened at 11:30 hours on December 12, 2012 which was received as follows:

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                          (Rs In Millions)

            Realised Value      Face Value

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03-Month      16,618.595        16,975.000

06-Month      96,589.598       101,075.000

12-Month      30,403.205        33,250.000

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Total        143,611.398       151,300.000

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

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Maturity     Cut-Off   Weighted       Realised         Face

Period        Yield   Avg. Yield       Amount         Value

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03-Month     9.2754     9.2754      5,923.555     6,050.000

06-Month     9.2962     9.2840     49,756.628    52,060.000

12-Month     9.3631     9.3586      7,317.100     8,000.000

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Total                              62,997.283    66,110.000

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Copyright Business Recorder, 2012