960416

FIBs: Bids for Rs 719.9950 million accepted

Tenders for sale of Federal Investment Bonds of 3, 5 and 10 years maturities were invited. The last date for submitting bids were fixed as 16-04-1996. Tenders were opened on 16-04-1996 at 1130 hours. The result of auction is given as under:-

The amount for which bids were received aggregated to Rs 719.9950 million.

Maturity-wise break-up of the bids received is as under:-

03 years Rs 90.0000 million

05 years Rs 500.0000 million

10 years Rs 129.9950 million

Rs 719.9950 million

Out of the above, bids for Rs 719.9950 million were accepted. Maturity-wise break-up is as under:-

(Rs in million) Bid Rate

03 years Rs 90.0000 At par

05 years Rs 500.0000 At par

10 years Rs 129.9950 At par

Rs 719.9950