PAKISTAN INVESTMENT BONDS (AUCTION RESULT ANNOUNCEMENT)

00:03 20JUN13    STATE BANK OF PAKISTAN                PK01012            SBPK14

PAKISTAN INVESTMENT BONDS (AUCTION RESULT ANNOUNCEMENT)

Tender for sale of PIBs for 3,5,10 and 20 yr were invited by SBP Karachi

from Primary Dealers on June 19, 2013. The bids were opened at 1200 hrs on

June 19, 2013 which were received as follows (all amounts in Rs. Million).

Accrued      Total

Tenor     Face Val      Realized     Interest    Realized        Price Range

03 Year   28,500.200    29,342.560   1,335.215    30,677.775    103.05-102.45

05 Year   15,400.000    15,998.420     737.512    16,735.932    105.08-102.94

10 Year    5,690.000     6,009.744     284.344     6,294.088    106.81-104.10

20 Year    No   Bids      Received

TOTAL     49,590.200    51,350.724   2,357.071    53,707.795

Out of the above bids, the accepted bids are as under

Tenor    Face Val      Realized    Acc. Int  Total Real. Price  Cut-off  Wtd avg

03 Year  23,350.000   24,054.005  1,093.932  25,147.937 102.86   9.6892   9.6068

05 Year   4,700.000    4,922.650    225.085   5,147.735 104.40  10.1503  10.0504

10 Year   4,140.000    4,382.369    206.887   4,589.256 105.34  11.0496  10.9622

20 Year   No   Bids     Received

TOTAL    32,190.000   33,359.024  1,525.904  34,884.928