SBP Sets Auction Target of Rs.3,800 Billion for next three months

The State Bank of Pakistan plans to raise Rs.3,800 Billion by auctioning Government T-Bills and PIB's (Fixed and Floating rate) in the next three months.

The SBP issued an updated Auction schedule on Monday for the next three months (Dec 2018 to Feb 2019).

The SBP plans to issue Rs.300 Billion in longer term Pakistan Investment Bonds, out of which Rs.150 Billion will be through a 10 Year Floating Rate Bond while Rs.150 Billion will be raised through Fixed Rate PIB's of 3, 5, 10 and 20 year maturity in three monthly auctions of Rs.50 Billion each.

The coupon rates for the fixed rate PIB's have not been revised as the SBP plans to re-open the July 2018 issue.

The Maturing amount during the period in Fixed Rate PIB's is Rs.81.081 Billion and Rs.4.630 Billion in Floating Rate Bonds.

The SBP plans to issue Rs.3,500 Billion in short term Treasury Bills (MTB) for 3, 6 and 12 months.

The Maturing amount for MTB's during the period is Rs.3,384.796 Billion.