Auction Result: SBP Sells GOP Ijara Sukuk worth Rs.76.38 billion for 5 years

MG News | April 23, 2020 at 08:15 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 23, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Thursday in which it sold variable interest rate GOP Ijara Sukuk worth Rs.76.384 billion.

The SBP received bids worth Rs.190.305 billion against an auction target of Rs.75 billion.

Range of Margin for the bids was between -250 and -75 basis points.

In the competitive auction the SBP picked up Rs. 66.19 billion at a further 10.194 billion from the non-competitive bid at cut off of 125 basis points under the benchmark.

Historically, the benchmark has been the 6 month weighted average yield from the most recent MTB auction, which was 7.8829, which would make the first coupon 6.6329 percent.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,765.22 212.46M	0.16% 266.28
ALLSHR	103,241.06 481.66M	0.13% 137.96
KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
KMIALLSHR	66,928.26 309.74M	0.08% 55.24
BKTi	47,274.31 12.11M	0.30% 141.41
OGTi	35,009.43 4.22M	0.13% 46.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,325.00	85,380.00 84,120.00	905.00 1.07%
BRENT CRUDE	104.38	106.59 103.11	-2.22 -2.08%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	-0.55 -0.45%
ROTTERDAM COAL MONTHLY	136.55	137.10 133.60	0.65 0.48%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	92.44	94.75 91.51	-2.17 -2.29%
SUGAR #11 WORLD	18.54	18.75 18.43	-0.07 -0.38%