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

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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%

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