SBP sets May-July Auction Target for Government Securities at Rs.4.750 Trillion

MG News | May 06, 2019 at 02:57 PM GMT+05:00

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May 06, 2019 (MLN): The State Bank of Pakistan plans to raise Rs.4,750 Billion from auction of government PIBs and MTB during May-July 2019.

The Central Bank has set the auction target of Rs.4,100 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.300 Billion is planned from the Fixed Rate Bonds (re-opening of July 2018 issue) while Rs.350 Billion is the target for the floating rate bond.

The maturing amount during the period May-July 2019 is Rs. 3,902.293 Billion, which shows a net additional funding requirement of Rs. 847.707 Billion.

Of the Maturing amount, Rs. 3,798.617 Billion is in short term MTBs while Rs. 103.676 Billion is in Fixed Rate PIBs.

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