Gop Ijara Sukuk Auction: SBP Rejects all bids

MG News | April 16, 2020 at 09:35 PM GMT+05:00

0:00

April 16, 2020 (MLN): The State bank of Pakistan (SBP) rejected all bids for the 5 Year Variable Rate Gop Ijara Sukuk at an auction conducted on Wednesday.

According to data released by the SBP it received bids worth Rs.176.897 billion against an auction target of Rs. 75 billion at a range of margin between -225 to +25 basis points over the benchmark rate.

The SBP rejected all bids.

Earlier the SBP MPC had reduced the policy rate by 200 basis points, with the benchmark being the 6 month Weighted Average Yield, it would make little sense to issue at a higher rate as the settlement date is before the next MTB auction, in which the cut off yields would decrease.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	150,016.16 145.54M	0.56% 837.50
ALLSHR	90,164.34 252.99M	0.46% 410.34
KSE30	45,486.46 99.07M	-0.00% -1.03
KMI30	214,854.66 60.89M	0.67% 1433.99
KMIALLSHR	58,253.19 111.97M	0.44% 254.55
BKTi	41,815.03 51.07M	-1.21% -510.60
OGTi	30,860.86 6.60M	0.86% 262.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,975.00	74,765.00 73,630.00	-710.00 -0.95%
BRENT CRUDE	102.43	103.67 102.26	-0.99 -0.96%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.95 -10.73%
ROTTERDAM COAL MONTHLY	121.85	122.00 121.75	0.70 0.58%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	94.15	95.65 93.94	-2.06 -2.14%
SUGAR #11 WORLD	14.47	14.51 14.19	0.28 1.97%