PIB Auction: Bid Pattern (Floating Rate)

May 05, 2021 (MLN): SBP released the Bid pattern for today's Auction of Quarterly and Semi-Annual Coupon payment PIB (Floating Rate).

Combined Auction Target is Rs.75.00 Billion for  2, 3 and 5 year Bonds.

In the Semi-Annual Coupon auction, only the 5 year PIB is being offered while the Quarterly Auction is for 2 and 3 years only.

The Semi-Annual bond will be a fresh issue while the 3 year quarterly coupon bonds will be a re-opening of the Oct 22, 2020 issue while the 2 year PIB is re-opening of Nov 05, 2020 issue.

Semi annual PIB coupon rates are 7.6463 percent for 5 years.

Quarterly PIB coupon rates are 7.3763 percent for 2 years (rate for the next reset period) and 7.4418 percent for 3 years.

Link to Full Bid Pattern (Semi Annual)

Link to Full Bid Pattern (Quarterly)

 

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Posted on: 2021-05-05T16:15:00+05:00

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