Result of auction of Pakistan Investment Bonds

Karachi, September 10, 2014 (PPI-OT): Auction of Pakistan Investment Bonds for 3, 5, 10, and 20 years maturity was held on September 10, 2014 with coupon rates as 11.25%, 11.50%, 12.00%, and 13.00% for 3, 5, 10 and 20 years maturity respectively and settlement date of September 11, 2014. The bid summary for 3, 5, 10 and 20 Years maturity is as following:-


(Amount in PKR million)

Tenor Face Value Realized Accrued Total Realized Price Range
Amount Interest Amount (per Rs.100)
03 Years 116,812.000 113,209.324 2,016.207 115,225.532 97.05 – 96.58
05 Years 29,421.100 27,902.086 519.101 28,421.188 95.02 – 94.51
10 Years 52,343.400 48,279.914 963.692 49,243.606 92.52 – 91.41
20 Years 5,500.000 5,285.500 47.014 5,332.514 96.10
Total 204,076.500 194,676.824 3,546.014 198,222.840

Out of the above bids, the accepted bids were as under:

(Amount in PKR million)

Tenor Face Value Realized Accrued Total Realized Cut-off Price Cut-off Effective Weighted
Amount Interest Amount (per Rs.100) Yield (YTM) Average Yield
%p.a. %p.a.
03 Years 89,186.900 86,470.301 1,539.390 88,009.691 96.83 12.5934 12.5393
05 Years 24,571.100 23,310.001 433.528 23,743.530 94.72 12.9909 12.9476
10 Years 37,693.400 34,813.284 693.972 35,507.256 92.12 13.4598 13.4128
20 Years 5,500.000 5,285.500 47.014 5,332.514 96.10 13.5905 13.5905
Total 156,951.400 149,879.086 2,713.904 152,592.991

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +92-21-39212562
Fax: +92-21-39212563
Email: syed.wasimuddin@sbp.org.pk

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