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

MG News | December 13, 2017 at 03:16 PM GMT+05:00

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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%

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