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Written by: Staff

KARACHI, July 3 (Reuters) Pakistan's central bank said on Monday it would auction 60 billion rupees ($996.18 million) worth of three-, six- and 12-month Treasury bills this week.

The auction will be held on Wednesday with settlement due on Thursday, State Bank of Pakistan said in a statement.

At the last T-bill auction on June 21, the central bank sold 47.97 million rupees ($0.796 million) of its benchmark six-month bills at cut-off and weighted average annual yields of 8.4869 percent.

At the same auction, it sold 294.36 million rupees ($4.88 million) of three-month bills, and 5.057 billion rupees ($83.96 million) of the 12-month paper.

The cut-off and weighted average yields on the three-month T-bills were then set at 8.3256 percent, while for the 12-month paper they were set at 8.7907 percent.

($1=60.23 rupees) REUTERS MQA HS1503

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