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