PIB Auction: Bid Pattern (Fixed Rate)

September 16, 2020 (MLN): The State Bank of Pakistan released the Bid Pattern for its PIB Auction.

Auction Target is Rs.140 Billion, out of which Rs.50 billion is for 3 Year, Rs.40 Billion for 5 Year, Rs.35 is for 10 Year and 10 and 5 billion are for 15 and 20 years.

Coupon Rates are 7.00% for 3 year,9.50% for 5 year, 10% for 10 year, 10.50% for 15 year and 11.00% for 20 years.

Fixed Rate PIBs of 5, 10, and 20 years will be re-opening of 19 Sep 2019 issue, while the auction for sale of 15 years will be reopening of 16 Apr 2020 with the 3 year PIB being Aug 20, 2020 issue.

Auction settlement date is September 17, 2020.

Link to Full Bid Pattern

 

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Posted on: 2020-09-16T17:16:00+05:00

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