Pakistan mobilizes PKR 46,684 million through PIB auction

SBPAn auction of Pakistan invest Bonds of different tenors was held on 18th November 2015. The highest bids and acceptance was for 3-year bonds with a coupon rate of 8.75 percent. No bids were received for 2-year bonds and the acceptance for ten year bonds was dismally low at RKR 200 million. While this suggested that further reduction in discount rate looks lean, it also hints that the government is still worried about banks’ liquidity.

                                                                                            (Amount in PKR million)

Tenor Face Value Realized Amount Accrued Interest Total Realized Amount Price Range (per Rs.100)
03 Years 68,442.100 70,914.958 883.576 71,798.534 103.93 – 102.74
05 Years 30,220.000 31,491.766 412.429 31,904.195 104.98 – 102.84
10 Years 5,050.000 5,215.875 72.645 5,288.520 103.69 – 102.43
20 Years N O B I D R E C I E V E D
Total 103,712.100 107,622.599 1,368.650 108,991.249  

Out of the above bids, the accepted bids were as under:                                                                                               (Amount in PKR million)

Tenor Face Value Realized Amount Accrued Interest Total Realized Amount Cut-off Price

(per Rs.100)

Cut-off Yield (YTM)

%p.a.

Effective Weighted Average Yield %p.a.
03 Years 37,589.100 39,000.048 485.269 39,485.317 103.66 7.0270 6.9842
05 Years 8,895.000 9,317.510 121.395 9,438.905 104.50 7.9999 7.9328
10 Years 200.000 207.380 2.877 210.257 103.69 9.1507 9.1507
20 Years N O B I D R E C I E V E D
Total 46,684.100 48,524.938 609.541 49,134.479      

 

 

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