PIB Auction: Bid Pattern
MG News | July 11, 2018 at 03:16 PM GMT+05:00
The State Bank of Pakistan released the Bid Pattern for its PIB Auction. Auction Target is Rs.50 Billion against a maturing amount of Rs.510.475 Billion
SBP received bids worth Rs.7.15 Billion for 3 and 5 years, no bids were made for the 10 and 20 year PIBs.
The yields were up sharply compared to the previous auction, almost 100 basis points for 3 years and 70 basis points for 5 years.
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