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SBP targets to raise Rs3.84tr: Auction Calendar June-August

SBP deputy governor emphasizes skill development for treasury professionals
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June 18, 2024 (MLN): The government is targeting to raise Rs3.84 trillion during the three months from June to August 2024, through the auction of Market Treasury Bills (MTBs), Pakistan Investment Bonds (PIBs) Fixed Rate, and PIBs Floating Rate.

The breakup of the target reveals that the government is targeting to borrow Rs1.89tr during June-August of 2024 through MTBs and the remaining Rs1.95tr through PIBs.

Category Target Amount (Rs Bn)
MTBs 1,890
PIB (Fixed Rate) 570
PIB (Floating Rate) Semi-Annual 1,160
PIB (Floating Rate) Quarterly 220
Total 3,840


SBP plans to conduct six auctions of MTBs in the next three months to meet this target.

In June, two auctions are scheduled: the first was held on June 12, and the second is set for June 26, with a target of Rs450bn.

Moreover, two auctions are also scheduled for July, one on July 10 with a target of Rs150bn, and the second on July 24 with an equivalent target.

Moving forward, two auctions for MTBs are scheduled to be held within August, the first one being on August 07 with a target of Rs210bn, while the final auction for the review quarter is scheduled for August 21, targeting Rs150bn.

Additionally, SBP aims to raise Rs2.03tr through the sale of PIBs, which includes Rs570bn through the sale of PIBs Fixed Rate, Rs1.16tr through PIBs semiannual floaters, and Rs220bn through PIBs quarterly floaters.

For the fixed-rate bonds, SBP will conduct three auctions this quarter, with a target of Rs190bn each.

For the semiannual and quarterly bonds, the central bank has planned a total of 6 auctions.

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Posted on: 2024-06-18T13:29:57+05:00