SBP targets to raise Rs8.7tr: Auction Calendar Nov-Jan

November 07, 2024 (MLN): The government is targeting to raise Rs8.7 trillion during the three months from November to January 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 Rs5.5tr during this period through MTBs and the remaining Rs3.2tr through PIBs.

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

In November, two auctions are scheduled: the first one to be held on November 13, and the second is set for November 27, with a target of Rs800bn each.

Moreover, two auctions are also scheduled for December, one on December 11 with a target of Rs1.35tr, and the second on December 24 with an equivalent target.

Moving forward, two auctions for MTBs are scheduled to be held within January, the first one being on January 08 with a target of Rs600bn, while the final auction for the review quarter is scheduled for January 22, targeting Rs600bn.

Additionally, SBP aims to raise Rs3.2tr through the sale of PIBs, which includes Rs900bn through the sale of PIBs Fixed Rate, and Rs2.3tr through PIBs semiannual floaters.

For the fixed-rate bonds, SBP will conduct three auctions this quarter, with a target of Rs300bn each.

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

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