The State Bank of Pakistan to Raise Over PKR 3 Trillion Via Government Securities

The State Bank of Pakistan (SBP) has announced plans to issue government securities worth PKR 3.025 trillion over May to July 2020, in the form of Market Treasury Bills, Pakistan Investment Bonds (PIB) and Ijara Sukuk (GIS).

Of this total, PKR 2.275 trillion will be issued as short term T-Bills, while the remaining PKR 750 billion will be issued in the form of longer term PIB (PKR 525 billion) and GIS (PKR 225 billion).

The PIB target of PKR 525 billion will be split into PKR 375 billion of fixed rate PIB, with tenures ranging from three years to twenty years, with PKR 150 billion set for the 10-year floating rate bond. In addition, the PKR 225 billion GIS will be raised via the auct...