KARACHI September 15, 2021: The government on September 15, 2021 raised PKR 94billion through an auction of fixed rate Pakistan Investment Bonds (PIBs) compared to target of PKR 150billion.
The cut-off yields of 3Y and 15Y PIBs remained unchanged at 8.880 percent and 10.400 percent, respectively. The government borrowed amount of PKR 18.9billion and PKR 15.0billion from the auction of 3Y and 5Y PIBs, respectively. The target for 3Y PIB for current auction was set at PKR 50billion and for 15Y it was PKR 15billion.
A L S O || R E A D
Hascol Petroleum and Sui Southern Gas Expelled from KSE-100 Index: PSX
Through the 5Y PIB, the government raised PKR 23.5billion at the cut-off yield of 9.1800 percent, yields down by 2bps. The target for 5Y PIB for current auction was set at PKR 40billion.
An amount of PKR 36.7billion was fetched for 10Y PIBs at a yield of 9.9300 percent, which is down by 1bps. The target for 10Y PIB for current auction was set at PKR 35billion.
Investors did not bid for 20Y and 30Y PIB and for 10Y PIB Govt. rejects the bids.
