SBP targets to raise over Rs6tr: Auction Calendar Dec-Feb
MG News | December 11, 2023 at 12:58 PM GMT+05:00
December 11, 2023 (MLN): The government is targeting to raise Rs6.006 trillion during the next three months (December-February) of FY24, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate.
| Category | Target Amount (Rs) |
|---|---|
| MTBs | 3.646 trillion |
| PIBs | 2.25 trillion |
| GOP Ijara Sukuk VRR | 60 billion |
| GOP Ijara Sukuk FRR | 50 billion |
| Total | 6.006 trillion |
Through the auction of MTBs, the government is targeting to borrow Rs3.646tr during Dec-Feb of 2024 as against the maturing amount of Rs3.772tr.
SBP plans to conduct six auctions of MTBs in the period of Dec-Feb 2024 to meet this target.
In the month of December, two auctions are scheduled, one on December 13, with a target of Rs2.25tr, and the second one on December 27, with a target of Rs510bn.
In January, two auctions will be held, one on January 10 with a target of Rs100bn and the second on January 24 with a target of Rs6bn.
Going forward, two auctions are scheduled to be held within February, the first one being on February 06 with a target of Rs480bn, and the last auction scheduled for the review quarter is scheduled to be held on February 21 with a target of R300bn.
Additionally, SBP aims to raise Rs2.25tr through the sale of PIBs, which includes Rs270bn through the sale of PIBs Fixed Rate, Rs720bn PIBs Floating Rate Semi-Annual Auction, and an amount of Rs480bn each through the sale of 2-year and 3-year PIB (Floating Rate) Quarterly Auction.
Moreover, SBP plans to raise Rs110bn through the sale of GOP Ijara Sukuk VRR with a target of Rs60bn and through the sale of GOP Ijara Sukuk FRR with a target of Rs50bn.
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