SBP to raise funds through six treasury bill auctions in coming month

MG News | February 03, 2023 at 03:40 PM GMT+05:00

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February 03, 2023 (MLN): The State Bank of Pakistan (SBP) aims to raise Rs6.72 trillion through the sale of government PIBs and Treasury Bills over the next three months.

The SBP released its auction calendar covering February to April in which it plans to conduct six auctions for treasury bills and floating rate PIBs and three auctions for fixed rate PIBs.

The SBP plans to raise Rs5.70tr through the auction of MTBs against a maturing amount of Rs5.707tr with the largest auction being on March 09, to cover a maturity of Rs1.785tr.

The SBP plans to issue Rs720billion through floating rate PIBs with Rs420bn expected from 2 and 3 year quarterly coupon PIBs, while Rs300bn coming from 5 and 10 year semi-annual coupon PIBs.

The remaining Rs300bn the SBP plans to raise from fixed rate coupons PIBs of 3, 5, 10, 15, 20 and 30 years.

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