SBP raises Rs 52 billion from Ijara Sukuk: 65 percent target achieved
The federal government has achieved 65 percent target of Rs 80 billion. They borrowed through new 3-year Government of Pakistan Ijara Sukuk in its first auction. The State Bank accepted only Rs 51.837 billion bids.
The cut-off margin over benchmark will be zero basis points. The benchmark is 6-month MTB Auction Weighted Average Yield.
Sources in banking sector, are expecting another healthy participation in the second auction to be held on December 13, 2010.
Syndicate
