May 13, 2020 (MLN): The State Bank of Pakistan (SBP) has announced plans to issue Market Treasury Bills (MTB), Pakistan Investment Bonds (PIB) and Ijara Sukuk (GIS) worth Rs. 3.025 trillion during May – July 2020.
According to the auction calendar published by the SBP out of the target amount Rs.2.275 trillion is to be issued in short term T-Bills while Rs. 750 billion will be issued in longer term PIBs and GIS.
The target amount for PIBs is Rs.525 Billion out of which Rs. 375 billion is in fixed Rate PIBs of 3, 5, 10, 15 and 20 years while Rs. 150 billion is for the 10 year floating rate bond.
Furthermore, the Government plans to raise Rs. 225 billion through the auction of 5 years variable rate Ijara Sukuk.
Amount maturing during May – July 2020 is Rs.1.985 trillion out of which Rs.1.812 trillion is in T-Bills, Rs.101.4 billion is in PIBs while the remaining Rs. 71 billion is in Fixed Rate Gop Ijara Sukuk.
Furthermore, the SBP has rescheduled the GIS Ijara sukuk auction from May 14 to May 21, after the MPS announcement and a MTB auction.
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