Out of received bids, SBP accepted bids worth Rs 6.959 billion (face value). A cut-off yield of 10.3995 percent was set for 3-year PIBs with accepted bids of worth Rs 4.755 billion. Bids worth Rs 104 million were accepted for the 5-year long term investment bond and its cut-off yield set at 10.9347 percent. In addition, a cut-off yield of 11.4206 percent has set for 10-year PIB with a realised auction amount of Rs 2.1 billion. The SBP issued the following: Result of Auction of Pakistan Investment Bonds.
Auction of Pakistan Investment Bonds for 3-, 5-, 10-, and 20 years maturity was held on December 6, 2012 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 December 7, 2012. The bid summary for 3-, 5-, 10- and 20 Years maturity is as follows:
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(Amount in PKR million)
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Tenor Face Value Realized Accrued Total Realized Price Range
Amount Interest Amount (per Rs 100)
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03 Years 12,105.000 12,326.771 526.070 12,852.841 102.11 - 101.43
05 Years 2,504.000 2,541.489 111.239 2,652.728 102.10 - 100.00
10 Years 5,650.000 5,807.155 261.912 6,069.067 103.30 - 101.65
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20 Years NO BIDS RECEIVED
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Total 20,259.000 20,675.415 899.221 21,574.636
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Out of the above bids, the accepted bids were as under:
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(Amount in PKR million)
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Tenor Face Value Realized Accrued Total Cut-off Cut-off Effective
Amount Interest Realized Price Yield Weighted
Amount (per Rs 100) (YTM) Average
%p.a. Yield
%p.a
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03 Years 4,755.000 4,849.751 206.647 5,056.398 101.88 10.3995 10.3500
05 Years 104.000 106.064 4.620 110.684 101.98 10.9347 10.9334
10 Years 2,100.000 2,169.300 97.348 2,266.648 103.30 11.4206 11.4206
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20 Years NO BIDS RECEIVED
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Total 6,959.000 7,125.115 308.615 7,433.73
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