SBP today rejected all bids for Pakistan Investment Bonds.
Auction for 3, 5, 10 and 20 year Pakistan Investment Bonds was held on October 18, 2017 with settlement date on October 19, 2017. The coupon rates for 3, 5, 10 and 20 year bonds are 7.00%, 7.75%, 8.75%, and 10.75% respectively. The bid summary and result is as under:
Amount PKR million
Tenor
Face Value
Realized Amount
Accrued Interest
Total Realized Amount
Price Range (per Rs. 100)
03 Year
21,600.000
21604.440
462.689
22067.129
100.75 – 99.13
05 Years
1500.00
1507.950
35.574
1543.524
101.40 – 100.12
10 Years
1524.000
1597.152
40.8907
1637.959
104.80
20 Years
No Bids Recieved
Total
24624.000
24709.542
539.070
25248.612
Out of the above bids, the accepted buds were as under:
Tenor
Face Value
Realized Amount
Accrued Interest
Total Realized Amount
Cut-off Price (per Rs.100)
Cut-off Yield (%)
Weighted Average Yield (%)
03 Years
Bids Rejected
05 Years
Bids Rejected
10 Years
Bids Rejected
20 Years
No Bids Recieved
Total
–
–
–
–
State Bank of Pakistan received interest for three years, five years and ten years bonds amounting to Rs 25 billion.
