Please refer to the maturity of Rs.332.6 billion of Government
of Pakistan Market Treasury Bills on 08th August, 2013.
On account of forthcoming Eid-ul-Fitr holidays, following
process will be implemented for the Market Treasury Bills
originally scheduled to mature on 08th August, 2013:
1. The above Market Treasury Bills will now be maturing
on 07th August, 2013.
2. The maturity price of Market Treasury Bills will be
adjusted by one day in accordance with the weighted average
yield of the accepted bids in the original auction.
3. Hence, the maturity price applicable for Market Treasury
Bills maturing on 07th August, 2013 will be as follows:
| Tenor |
Maturity
Price / Rs.100 on 07 Aug, 2013 |
| 03
- Month |
99.9748 |
| 06
- Month |
99.9760 |
| 12
- Month |
99.9715 |
Further also refer to the Auction Target Calendar of sale
of Government of Pakistan MTB’s for 1st Quarter FY’14
dated 28 June, 2013. On account of Eid-ul-Fitr holiday’s,
following changes are being made for the forthcoming MTB
Auction:
| |
Original
Schedule |
Revised
Schedule |
| Auction
Date |
07
August 2013 |
06
August 2013 |
| Settlement
Date |
08
August 2013 |
07
August 2013 |
4. Hence the maturities of 3, 6 & 12 months MTBs are
as follows:
| Tenor |
Maturity
Date |
No.
of Days |
| 03
- Month |
31
October 2013 |
85 |
| 06
- Month |
06
February 2014 |
183 |
| 12
- Month |
07
August 2014 |
365 |
5. Non Competitive Bids will be submitted till 11:30 am
on Tuesday 06th August, 2013. The bidding time for the competitive
auction will close at 12:00 noon on the 06 August, 2013.
6. All other things remain the same.
Please ensure the above information is disseminated to
all customers holding the above mentioned Market Treasury
Bills.