February 7, 2019 (MLN): The State Bank of Pakistan plans to raise Rs.3,850 Billion from auction of government PIBs and MTB during Feb-April 2019.
The Central Bank has set the auction target of Rs.3,200 Billion for short term Market Treasury Bills (MTB) and Rs.650 Billion for longer term Pakistan investment bonds (PIB).
From the Rs.650 Billion in PIBs, Rs.250 Billion is planned from the Fixed Rate Bonds (re-opening of July 2018 issue) while Rs.400 Billion is the target for the floating rate bond.
The maturing amount during the period Feb-Apr 2019 is Rs.3,421.205 Billion, which shows a net additional funding requirement of Rs.428.795 Billion.
Of the Maturing amount, Rs.2,969.806 Billion is in short term MTBs while Rs.446.769 is in Fixed Rate PIBs and Rs.4.63 Billion in Floating Rate PIBs.
Copyright Mettis Link News