Bai Mujjal Auction: Government rejects all bids, announces new auction

MG News | June 25, 2020 at 07:15 PM GMT+05:00

0:00

June 25, 2020 (MLN): The Government of Pakistan rejected all bids in the auction to repurchase the GOP Ijara Sukuk.

According to the State Bank of Pakistan, the total bids received were Rs.25.15 billion against a target of Rs.67 billion with a price range of 127.73 – 134.65.

All bids were rejected.

Earlier the SBP Monetary policy committee had reduced the policy rate by another 100 basis points, which might have influenced the Government's decision.

Furthermore, the SBP announced a fresh auction for the purchase of GOP Ijara Sukuk by Government of Pakistan on deferred payment (Bai Mujjal basis).

The auction will be conducted on June 26, 2020 and results will be announced on the same the date with the Bai Mujjal Maturity date being June 26, 2023.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	0.00 0.00	-165.00 -0.19%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	0.00 0.00	0.02 0.04%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%