State Bank of Pakistan rejects all PIB bids

MG News | February 21, 2018 at 08:39 PM GMT+05:00

0:00

State Bank of Pakistan (SBP) today rejected all bids against its auction for Pakistan Investment Bonds (PIB) in three, five, ten and twenty year bonds. The auction received a very lackluster response as it managed to invite only PKR 12,579.208 million against the target of PKR 50,000 million.

According to a press communique issued by SBP, the central bank rejected all bids received against its PIB targets. The State Bank received total bids worth PKR 12,579.208 million of which, the majority was concentrated in three year and five year tenors.

The State Bank received bids worth PKR 12,030.343 million in three years and PKR 548.865 in five year targets missing the target of PKR 50,000 million by PKR 37,420.792 million.

However, the bank received zero bids in the ten and twenty year tenures.

Amount in PKR Millions
Tenor	Face Value	Realized Amount	Accrued Interest	Total Realized Amount	Price Range (per Rs. 100)
03 Years	12,010.000	11,903.314	127.209	12,030.343	99.75 – 98.89
05 Years	550.100	542.424	6.442	548.865	98.85 – 98.40
10 Years	No Bids Received
20 Years	No Bids Received
Total	12,560.100	12,445.738	133.471	12,579.208

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,728.23 176.30M	-0.67% -1166.05
ALLSHR	102,910.30 520.11M	-0.45% -464.50
KSE30	51,670.03 67.45M	-0.86% -450.07
KMI30	247,010.32 110.61M	-0.71% -1757.30
KMIALLSHR	66,915.02 280.04M	-0.41% -276.50
BKTi	47,405.87 21.06M	-1.12% -534.71
OGTi	35,932.85 5.24M	-1.02% -370.15

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,120.00	80,340.00 79,370.00	-225.00 -0.28%
BRENT CRUDE	100.25	102.92 99.62	0.19 0.19%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-3.30 -2.91%
ROTTERDAM COAL MONTHLY	106.25	106.25 106.20	1.25 1.19%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.53	98.64 94.15	-0.28 -0.30%
SUGAR #11 WORLD	14.52	14.65 14.51	-0.02 -0.14%