Mar 12, 2019 (MLN): The State Bank of Pakistan plans to raise Rs.4,550 Billion from auction of government PIBs and MTB during March-May 2019.

The Central Bank has set the auction target of Rs.3,850 Billion for short term Market Treasury Bills (MTB) and Rs.700 Billion for longer term Pakistan investment bonds (PIB).

From the Rs.700 Billion in PIBs, Rs.300 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 Mar-May 2019 is Rs.4,132.698 Billion, which shows a net additional funding requirement of Rs.417.302 Billion.

Of the Maturing amount, Rs.3,690.748 Billion is in short term MTBs while Rs.440.646 Billion is in Fixed Rate PIBs and Rs.1.304 Billion in Floating Rate PIBs.

Copyright Mettis Link News

26632