SBP sets Jan March MTB-PIB Auction Target of Rs. 5,750 Billion

The State Bank plans to raise Rs.5,750 Billion from T-Bills and PIBs (Fixed and floating) during Jan – March 2019.

Out of the amount, the Short Term MTB target is Rs.5,400 Billion, while the longer term PIB’s have a target of Rs.350 Billion, out of which Fixed Rate PIB Auction target is Rs.200 Billion in 3 auctions and Rs.150 Billion from 1 auction of the Floating rate PIB.

The maturing amount during the period is Rs.5,530.136 Billion, out of which Rs.5,428.569 Billion is maturing in MTB’s while Rs.101.567 Billion is maturing in PIBs

The SBP already conducted the first of the MTB Auctions on Wednesday (Jan 02, 2019) and raised Rs.590.93 billion against an auction target of Rs.2,500 Billion and maturing amount of Rs. 2,720.427.