PIB Auction: Bid Pattern (Fixed Rate)

December 09, 2020 (MLN): The State Bank of Pakistan released the Bid Pattern for the fixed rate PIB Auction being conducted today.

Auction Target is Rs.125 Billion, out of which Rs.50 billion is for 3 Year, Rs.35 Billion for 5 Year, Rs.25 is for 10 Year and 10 and 5 billion are for 15 and 20 years.

Coupon Rates are 7.00% for 3 year,7.50% for 5 year, 8% for 10 year, 10.50% for 15 year and 11.00% for 20 years.

3 years will be the re-opening of 20 Aug 2020, 5 years will be re-opening of 15 Oct 20, 10 year will be a fresh issue with a coupon rate of 8.00% P.A, 15 years will be the re-opening of 16 Apr 2020 and 20 years will be the re-opening of 19 Sep 2019.

Auction settlement date is December 10, 2020.

Link to Full Bid Pattern

Copyright Mettis Link News