SBP plans to borrow Rs6.3tr: Auction Calendar Sep-Nov
MG News | September 10, 2024 at 05:18 PM GMT+05:00
August 26, 2024 (MLN): The government is targeting to borrow Rs6.3 trillion during the three months from September to November 2024, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate.
The breakup of the target reveals that the government is targeting to borrow Rs3.475tr by auctioning MTBs and the remaining Rs2.82tr through PIBs.
| Category | Target Amount (Rs Bn) |
|---|---|
| MTBs | 3,475 |
| PIB (Fixed Rate) | 500 |
| PIB (Floating Rate) Semi-Annual | 2,320 |
| PIB (Floating Rate) Quarterly | - |
| Total | 6,295 |
SBP planned to conduct seven auctions of MTBs this quarter to meet the target.
Additionally, the central bank aims to raise Rs2.82tr through the sale of PIBs, which includes Rs500 billion through the sale of PIBs Fixed Rate, Rs2.32tr through PIBs semiannual floaters, while no action has been planned for PIBs quarterly floaters.
For the fixed-rate bonds, SBP has planned three auctions this quarter. For the semiannual bonds, the central bank has planned a total of seven auctions.
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