SBP to conduct MTBs buyback auction on Sep 30

MG News | September 27, 2024 at 09:04 PM GMT+05:00

0:00

September 27, 2024 (MLN): The State Bank of Pakistan (SBP) has invited bids for the Government of Pakistan Market Treasury Bills (MTBs) buyback auction scheduled for September 30, 2024, with a target of Rs500 billion.

Details of the buyback securities are given below:

No	Issue Date	Maturity Date	Target Amount (in Billions)
1	13-Jun-24	12-Dec-24	100.0
2	14-Dec-23	12-Dec-24	100.0
3	27-Jun-24	26-Dec-24	150.0
4	28-Dec-23	26-Dec-24	150.0

The MTBs Rules 1998 provide for the buyback of MTBs by the Government of Pakistan. In this regard, SBP on Thursday prescribed the procedure for execution of such buyback transactions.

The buyback price of the security will be determined through multiple-price competitive auction process.

All Primary Dealers will be eligible to submit competitive bids in the auctions. Non-competitive bids can also be submitted as per existing instructions.

On settlement date, the bought back securities will be debited from the SGLA of successful bidders while their current accounts will be credited with the accepted price.

Moreover, all other auction rules and procedures will apply to the buyback auctions as defined in various auction related circulars, SBP said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,330.00	93,070.00 89,640.00	-1680.00 -1.83%
BRENT CRUDE	61.22	61.86 60.81	-0.06 -0.10%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	97.30 97.30	0.90 0.93%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.53	58.19 57.15	-0.07 -0.12%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%