SBP sets auction target of Rs.3.98 trillion for next three months - plans to issue 30 Year PIB

MG News | January 05, 2021 at 09:45 AM GMT+05:00

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January 5, 2021 (MLN): The State Bank of Pakistan (SBP) announced the auction calendar for Jan - Mar 2021 in which it plans to raise Rs.3.98 trillion through the sale of Government Securities.

The amount maturing during the next three months is Rs.3.289 trillion showing a net borrowing by the government of Rs.421 billion.

The SBP plans to auction Rs.2.90 trillion in short term Market Treasury Bills (MTB), Rs.300 billion in Fixed Rate Pakistan Investment Bonds (PIBs), Rs.630 billion in Floating Rate PIBs (PIBFRR) with quarterly and semi-annual coupon payments.

The SBP will also be issuing a 30 year fixed rate PIB with a coupon rate of 11 percent.

In addition the SBP plans to raise Rs.150 billion from issuance of fixed and floating rate Islamic Bonds.

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