July 14, 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 re-opening of the May 06, 2021 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 7.2953 percent for 2 years (rate for the next reset period) and 7.4418 percent for 3 years.
Copyright Mettis Link News