Karachi October, 27,2021: On October 27, 2021 State Bank of Pakistan (SBP) rejected all bids due to a lack of attractive bids. SBP received bids of PKR 194billion against target of PKR 100billion. It was the first PIB auction after the rate hike of 25bps.
Majority bids were received for 3Y PIB of amounting PKR 73billion against target of PKR 30billion. As per the bid pattern, the required amount for 3Y PIB was completed at cut-off of 10.4998 percent compared to 8.8800 percent in auction which was held in the month of September.
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For 5Y PIB, bids of PKR 67billion were received against target of PKR 25billion. As per the bid pattern, the required amount for 5Y PIB was completed at cut-off of 10.3616 percent compared to 9.1800 percent in auction which was held in the month of September.
For 10Y PIB, bids of PKR 53billion were received against target of PKR 20billion. As per the bid pattern, the required amount for 10Y PIB was completed at cut-off of 10.9900 percent compared to 9.8300 percent in auction which was held in the month of September.
For 15Y PIB an amount 616billion was received against target of PKR 15billion, if SBP accepts all the bids, cut-off was set at 11.3800 percent compared with 10.4000 percent in last auction.
In the tenor of 20Y and `30Y, no bid was received.
BP received bids of PKR 194bn against target of PKR 100bn. It was the first PIB auction after the rate hike of 25bps.
