April 06, 2021 (MLN): The State Bank of Pakistan (SBP) announced the auction calendar for April – June 2021 in which it plans to raise Rs.5.525 trillion through the sale of Government Securities.

The amount maturing during the next three months is Rs.4.321 trillion showing a net borrowing by the government of Rs.1.204 trillion.

Out of the maturing amount the Rs.4.034 trillion are maturing short term Treasury Bills while Rs.287 billion is in Fixed Rate PIBs.

Target for short term Market Treasury Bills (MTBs) has been set at Rs.4.70 trillion with Rs.375 billion and Rs.450 billion are expected to be raised from longer term Fixed and floating rate bonds (PIBs).

Recently the SBP scrapped the auction of 3 and 10 year floating rate PIBs with semi-annual coupon payment as well as the 5 and 10 year floating rate PIBs with quarterly coupon payments.

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