PIB Bid Pattern: SBP receives bids worth 6.1 billion against 50 billion target

State Bank of Pakistan has received bids worth 6.1 billion against its target of 50 billion. Major chunk of bids received has come in from 3 – years Bonds, which have received bids worth 3.5 billion.

Meanwhile, participation in longer tenure bonds was abysmal with 10 year receiving only 2.214 billion, and 20 – year Bonds received no bids at all.  

Following is the amount for bids received by the Central Bank:

Bids Received by SBP against Targets

 

Amount in Million

Tenure

Bids Received

Target (Amount

3 – year

3,500

15,000

5 – year

500

15,000

10 – year

2,124

15,000

20 – year

No Bids Received

5,000

Total

6124

50,000

Tenor-wise Coupon Rates for all auctions are given below:

Details of Coupon Rate of PIB’s Nov, 2017 – Jan, 2018

3 Year

5 Year

10 Year

20 Year

7.00%

7.75%

8.75%

10.75%

Posted on: 2017-12-13T15:16:00+05:00