DOMESTIC MARKETS & MONETARY MANAGEMENT DEPARTMENT

STATE BANK OF PAKISTAN

Pakistan Investment Bonds - (Fixed Rate) Auction Result

Auction for 3, 5, 10 , 15 and 20 year PIBs was held on October 14, 2020 with settlement date of October 15, 2020. The bids received are
as below:

(Amount in PKR million)

Accrued Total Realized

Tenor Face Value Realized Amount Price Range
Interest Amount

03 Years 6,700.000 6,435.719 71.370 6,507.089 96.8936-95.5354

05 Years 12,500.000 11,516.543 - 11,516.543 93.3077- 91.4439
10 Years 17,600.000 17,347.808 126.409 17,474.216 106.0975 - 97.9767
15 Years 12,000.000 12,262.268 626.557 12,888.825 103.9407 - 98.8311
20 Years 9,000.000 9,219.493 71.105 9,290.598 103.6405 - 100.9367
Total 57,800.000 56,781.831 895.441 57,677.271

The result is as below:

(Amount in PKR million)

Accrued Total Realized Cut-off Yield Weighted Average

Tenor Face Value Realized Amount Cut-off Price
Interest Amount (YTM) Yield %p.a.

03 Years 50.000 48.447 0.533 48.979 96.8936 8.2400% 8.2400%

05 Years Bids Rejected
10 Years Bids Rejected
15 Years 8,000.000 8,309.024 417.705 8,726.729 103.7849 10.0000% 9.9900%
20 Years 5,000.000 5,182.025 39.503 5,221.528 103.6405 10.5498% 10.5498%
Total 13,050.000 13,539.496 457.741 13,997.236

In addition to above, total acceptance including short selling and non competitive bids is as under:-
(Amount in PKR million)

Non
Non Competitive Total Acceptance
Tenor Competitive Bids Competitive Short Selling
Price (Face Value)
Bids

03 Years - 50.000 No-Bids Received - 50.000

05 Years - Bids Rejected Bids Rejected - -
10 Years - Bids Rejected No-Bids Received - -
15 Years - 8,000.000 - - 8,000.000
20 Years - 5,000.000 No-Bids Received - 5,000.000
Total 13,050.000 - - 13,050.000

Money Market & Monetary Management Division

Tel: +92-21-32453491 Fax:+92-21-99221476