SBP Sells Rs.117.72Bn In 3Y Sukuk Auction

MG News | December 15, 2015 at 04:41 PM GMT+05:00

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SBP conducted an auction of 3 Year Govt. Ijara Sukuk in which it accepted Bids worth Rs.117.723 Billion against a pre-auction target of Rs.100Bn. It received Bids for total amount of Rs.273.30Bn with Cut off to benchmark ranging from -180 to +25 bps. Out of this the central bank accepted Cut off margin over benchmark at -50bps. The Benchmark is the 6M MTB Weighted Average Rate, which in the previous auction was 6.3946% which would make the first rental coupon 5.8946%, although that is yet to be officially set.

GIS Information
Item	Value
Auction Date	15-Dec-15
Settlement Date	18-Dec-15
Maturtiy Date	18-Dec-18
Spread to Benchmark	-50Bps
Issued Amount	Rs.117.723 Billion
First Rental Coupon*	5.8946%

*Rental coupon not officially set by SBP

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