SBP to issue 2 Year PIB as it sets Auction Target of Rs.3.90 trillion for next three months

News Image

By MG News | October 31, 2020 at 01:40 PM GMT+05:00

0:00

October 31, 2020 (MLN): The State Bank of Pakistan (SBP) announced the auction calendar for November 2020 to January 2021 in which it plans to raise Rs.3.905 trillion through the sale of Government Securities.

The amount maturing during the next three months is Rs.2.912 trillion showing a net borrowing requirement of Rs.993 billion by the government.

The SBP plans to auction Rs.2.40 trillion in short term Market Treasury Bills (MTB), Rs.375 billion in Fixed Rate Pakistan Investment Bonds (PIBs), Rs.980 billion in Floating Rate PIBs (PIBFRR), Rs.105 billion in Variable Rental Rate GOP Ijara Sukuk and Rs.45 billion in Fixed Rental Rate GOP Ijara Sukuk.

The 10 Year Fixed Rate PIB to be issued from December 2020 will be a fresh issue with its coupon revised down from 10% to 8%.

The Floating rate coupon PIBs target amount has been divided evenly between semi-annual and Quarterly Coupon bonds for 3, 5 and 10 years at Rs.420 billion with an addition Rs.140 billion being set as the target for a new 2 year quarterly coupon payment floating rate PIB. The coupon rate for the 2 year PIB is set at 7.158% and will be reset fortnightly.

The quarterly coupon PIBs will be the reopening of Oct 22, 2020 issue with the coupon rate of 7.1178% for 3, 5 and 10 years, while the semi-annual bonds will be a fresh issue with the coupon rate set at 7.20% for 3, 5 and 10 years.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,260.00 110,965.00
109,200.00
-25.00
-0.02%
BRENT CRUDE 68.99 69.00
68.32
-0.12
-0.17%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 109.15 109.80
109.15
0.15
0.14%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.35 67.50
66.65
-0.10
-0.15%
SUGAR #11 WORLD 16.00 16.09
15.44
0.42
2.70%

Chart of the Day


Latest News
July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground


July 03, 2025 at 04:00 PM GMT+05:00

PKR strengthens 9 paisa against USD


July 03, 2025 at 03:54 PM GMT+05:00

BML Board authorizes CEO to execute deposit deal


July 03, 2025 at 03:38 PM GMT+05:00

Pakistan reaffirms reform, partnership goals at FFD4



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg