Gop Ijara Sukuk Auction: SBP Rejects all bids

By 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	131,053.09 72.50M	0.28% 366.43
ALLSHR	81,600.99 339.60M	0.36% 295.74
KSE30	40,057.69 30.96M	0.28% 112.25
KMI30	191,089.02 36.38M	0.21% 390.97
KMIALLSHR	55,126.71 165.07M	0.10% 52.56
BKTi	34,940.35 5.90M	1.08% 371.95
OGTi	28,582.95 2.83M	-0.54% -156.40

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,555.00	110,525.00 109,375.00	-860.00 -0.78%
BRENT CRUDE	68.48	68.89 68.38	-0.32 -0.47%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.79	67.18 66.69	-0.21 -0.31%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%