PIB Auction: Bid Pattern
MG News | August 08, 2018 at 04:11 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.46.267 Billion
The SBP Received bids worth Rs.16.01 Billion for 3 year, Rs.16.05 Billion for 5 years and Rs.15.646 Billion for 10 Years. No bids were made for the 20 Year PIB.
SBP also released the Bid pattern for today's 10 year PIB (Floating Rate) Auction. Auction Target is Rs.150.00 Billion
The Central Bank received Bids worth Rs.151.525 Billion with spread ranging from 40 to 100 basis points over benchmark which is 7.8526% (6M W.A Yield) or 7.850% (PKRV 6M)
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