Auction Result: SBP Raises Rs.68.86 billion through Sale of GOP Ijara Sukuk

MG News | December 03, 2020 at 06:55 PM GMT+05:00

0:00

December 3, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Thursday in which it sold 5 year variable rental rate GOP Ijara Sukuk worth Rs.68.86 billion.

Bids for the Fixed Rental Rate Sukuk were rejected.

Combined auction target was Rs.50 billion.

The SBP Received bids worth Rs.84.67 billion for the Variable Rate Ijara Sukuk with a range of -50 to 20 bps over benchmark out of which it accepted Rs.68.86 billion at a cut off margin of -10 bps.

Bids worth Rs.5.80 billion were received for the fixed rental rate Ijara sukuk with a fixed rental range 8.65% to 9.15 % which the SBP rejected.

Settlement date for the successful bids is Dec 09, 2020.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,304.13 424.61M	-0.78% -1286.28
ALLSHR	99,380.97 1,038.42M	-0.94% -946.44
KSE30	49,842.51 138.16M	-0.73% -367.30
KMI30	238,104.17 78.33M	-0.14% -327.97
KMIALLSHR	65,590.95 485.77M	-0.66% -435.42
BKTi	45,705.29 72.87M	-2.08% -972.73
OGTi	32,671.23 13.00M	-0.23% -74.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,990.00	0.00 0.00	250.00 0.23%
BRENT CRUDE	65.69	66.78 65.41	-0.30 -0.45%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.44	0.00 0.00	-0.06 -0.10%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%