April 10, 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. 3.005 trillion during April – June 2020.

According to the auction calendar published by the SBP out of the target amount Rs.2.30 trillion is to be issued in short term T-Bills while Rs. 705 will be issued in longer term PIBs and GIS.

The target amount for PIBs is Rs.480 Billion out of which Rs. 330 billion is in fixed Rate PIBs of 3, 5, 10 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.  

The last time the government issued floating rate ijara sukuks was in 2015.

Amount maturing during April – June 2020 is Rs.2.049 trillion out of which Rs.1.978 trillion is in T-Bills while the remaining Rs. 71 billion are Fixed Rate Gop Ijara Sukuk.

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