KARACHI June 9 2021: The government on June 09, 2021 raised PKR 161billion through an auction of fixed rate Pakistan Investment Bonds (PIBs) compared to target of PKR 125billion.
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Deposits Of Scheduled Increased By 16 Percent To PKR17,955 Billion
The cut-off yields of 3Y PIBs slightly down by 1 basis points to 8.690 percent at which the government borrowed amount of PKR 153.8 billion. The target for 3Y PIB for current auction was set at PKR40 billion.
Through the 5Y PIB, the government raised PKR 7billion at the cut-off yield of 9.200 percent, yields remained unchanged. The target for 5Y PIB for current auction was set at PKR 35billion.
An amount of PKR 99million was fetched for 10Y PIBs at a yield of 9.839 percent, which was also at same level of previous auction. The target for 10Y PIB for current auction was set at PKR20 billion.
Investors did not bid for 15Y, 20Y and 30Y PIB.
