SBP issues auction target calendar for sale of PIBs

State Bank of Bank

KARACHI: The State Bank of Bank (SBP) here Thursday issued auction target calendar for sale of Government of Pakistan Investment Bonds.

Auction Target calendar for sale of government of Pakistan Investment Bonds for 3, 5 & 10 Years (Fresh issue of 19 July 2012), and 20 years (Re-opening of 18 August 2011 issue) for the period October to December 2012.Tenders for the sale of Pakistan Investment Bonds (PIBs) for 3, 5 & 10 years (Re-opening of 19 July 2012 issue), and 20 years (Re-opening of 18 August 2011 issue) are invited by the SBP from the Primary Dealers on each respective auction dates.

Tenders will be received by the director, Domestic Markets and Monetary Management Department, SBP up to 11:15 hours and will be opened at 11:30 hours. The result will be announced on the same day. Primary Dealers would be required to deposit the amount of accepted bids to the Chief Manager, SBP Banking Services Corporation (Bank), Karachi on respective auction settlement date. – Dailytimes