PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
14-Dec-00 12.50% 13.00% 14.00%

3 -Year 12.50% 1,999.00 12.4507%

1 December 14, 2000 5-Year 13.00% 213.00 12.9490%
10-Year 14.00% 2,222.00 13.9667%
Total 4,434.00

3 -Year 12.50% 506.50 12.4823%

2 December 30, 2000 5-Year 13.00% 3,059.20 12.9997%
10-Year 14.00% 6,174.10 13.9783%
Total 9,739.80

3 -Year 12.50% 1,209 12.4270%

3 February 14, 2001 5-Year 13.00% 452 12.9457%
10-Year 14.00% 13,846 13.9551%
Total 15,505.60

3 -Year 12.50% 533.90 12.4719%

4 April 18, 2001 5-Year 13.00% 1,124.20 12.9913%
10-Year 14.00% 9,580.80 13.9960%
Total 11,238.90

3 -Year 12.50% 428.70 12.4859%

5 May 21, 2001
5-Year 13.00% 469.10 12.9934%
Total 897.80

6 June 16, 2001 10-Year 14.00% 4,306.80 14.0042%

Total 4,306.80

3 -Year 12.50% 2,385.40 12.4749%

7 July 21, 2001
5-Year 13.00% 576.30 12.9924%
Total 2,961.70

8 August 16, 2001 10-Year 14.00% Bid Rejected Bid Rejected

Total -

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
22-Aug-01 11.80% 12.20% 13.00%

9 August 22, 2001 10-Year 13.00% 6,746.10 13.0002%

 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
Total 6,746.10

3 -Year 11.80% 3,439.00 11.7921%

10 September 22, 2001
5-Year 12.20% 2,344.30 12.2110%
Total 5,783.30

11 October 30, 2001 10-Year 13.00% 11,904.50 12.4534%

Total 11,904.50

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
22-Nov-01 10.50% 11.00% 12.00%

3 -Year 10.50% 2,213.90 10.4933%

12 November 22, 2001
5-Year 11.00% 2,801.00 10.9968%
Total 5,014.90

13 December 24, 2001 10-Year 12.00% 10,448.70 11.9206%

Total 10,448.70

3 -Year 10.50% 4,780.00 9.1594%

14 January 28, 2002
5-Year 11.00% 3,150.00 10.0976%
Total 7,930.00

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
28-Feb-02 9.00% 10.00% 11.00%

15 February 28, 2002 10-Year 11.00% 7,660.00 10.4631%

Total 7,660.00

3 -Year 9.00% 2,621.00 8.3560%

16 March 28, 2002
5-Year 10.00% 5,225.40 9.3916%
Total 7,846.40

17 April 25, 2002 10-Year 11.00% 3,007.40 10.5465%

Total 3,007.40

3 -Year 9.00% 1,317.10 8.8260%

18 May 24, 2002
5-Year 10.00% 1,684.50 9.8078%
3,001.60

19 June 17, 2002 10-Year 11.00% 4,886.50 10.8565%

 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate 4,886.50

3 -Year 9.00% 1,558.50 7.9516%

20 July 19, 2002
5-Year 10.00% 3,518.40 8.8870%
5,076.90

21 August 20, 2002 10-Year 11.00% 7,955.00 9.5874%

7,955.00

3 -Year 9.00% 2,906.80 7.4644%

22 September 24, 2002
5-Year 10.00% 3,885.00 8.2633%
6,791.80

23 October 24, 2002 10-Year 11.00% 12,233.20 9.2951%

12,233.20

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
31-Dec-02 7.00% 8.00% 9.00%

3 -Year 7.00% 2,010.30 4.5564%

24 December 31, 2002 5-Year 8.00% 1,977.00 4.8557%
10-Year 9.00% 968.50 5.5249%
4,955.80

3 -Year 7.00% 1,000.00 2.7920%

25 March 26, 2003 5-Year 8.00% 1,050.00 3.1162%
10-Year 9.00% 1,150.00 4.0138%
3,200.00

3 -Year 7.00% 2,000.00 3.0843%

26 June 30, 2003 5-Year 8.00% 3,057.80 4.1550%
10-Year 9.00% 25,562.20 5.6096%
30,620.00

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
06-Oct-03 6.00% 7.00% 8.00% 9.00% 10.00%

3 -Year 6.00% 700.00 4.1063%

27 October 6, 2003 5-Year 7.00% 1,586.50 5.0980%
10-Year 8.00% 6,424.00 6.2216%
8,710.50
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 6.00% 5,943.00 4.0358%
27 (1st Re-Opening) November 6, 2003 5-Year 7.00% 10,116.80 5.0538%
10-Year 8.00% 11,533.00 6.1678%
27,592.80

3 -Year 6.00% 2,794.00 3.9323%

nd
27 (2 Re-Opening) December 6, 2003 5-Year 7.00% 4,457.00 4.9787%
10-Year 8.00% 8,453.20 6.2152%
15,704.20

15-Year 9.00% 3,329.90 7.6830%

28 January 20, 2004
20-Year 10.00% 3,191.00 8.7058%
6,520.90

3 -Year 6.00% 3,227.00 3.7342%

29 April 29, 2004 5-Year 7.00% 8,471.10 4.8665%
10-Year 8.00% 15,135.70 6.4533%
26,833.80

3 -Year 6.00% 1,869.00 4.2354%

29 (1st Re-opening) May 29, 2004 5-Year 7.00% 3,134.00 5.2699%
10-Year 8.00% 10,060.80 7.1268%
15,063.80

15-Year 9.00% 3,665.900 8.9935%

30 June 10, 2004
20-Year 10.00% 3566.000 9.9927%
7,231.90

3 -Year 6.00%
31 August 18, 2004 5-Year 7.00% Bids Rejected
10-Year 8.00%

3 -Year 6.00%
32 November 12, 2004 5-Year 7.00% Bids Rejected
10-Year 8.00%

3 -Year 6.00%
33 March 28, 2005 5-Year 7.00% Bids Rejected
10-Year 8.00%

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
19-May-06 9.10% Coupon Rate
9.30% 9.60%

EFFECTIVE DATE 15-Year 20-Year

31-Oct-06 10.00% 10.50%

EFFECTIVE DATE 30-Year

22-Dec-06 11.00%

3 -Year 9.10% 3,205.20 9.3887%

34 May 19, 2006 5-Year 9.30% 4,608.14 9.6461%
10-Year 9.60% 3,424.05 9.8454%
11,237.39

3 -Year 9.10% 3,502.50 9.7776%

st
34 (1 Re-Opening) October 31, 2006 5-Year 9.30% 1,392.40 9.9298%
10-Year 9.60% 3,644.20 10.3945%
8,539.10

15 -Year 10.00% 3,000.00 10.8504%

35 October 31, 2006
20-Year 10.50% 4,000.00 11.1727%
7,000.00

3 -Year 9.10% 1,473.60 9.7165%

34 (2nd-Opening) December 22, 2006 5-Year 9.30% 694.20 10.0017%
10-Year 9.60% 2,735.10 10.5072%
4,902.90

15 -Year 10.00% 4,000.00 11.0578%

35 (1st Re-Opening) December 22, 2006
20-Year 10.50% 4,000.00 11.3924%
8,000.00

36 December 22, 2006 30 -Year 11.00% 8,000.00 11.6802%

8,000.00

3 -Year 9.10% 3,085.30 9.3529%

34 (3rd-Opening) March 6, 2007 5-Year 9.30% 4,095.50 9.7516%
10-Year 9.60% 9,650.80 10.1536%
16,831.60

15 -Year 10.00% 400.00 10.9538%

35 (2nd Re-Opening) March 6, 2007
20-Year 10.50% Bids Rejected
400.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
st
36 (1 Re-Opening) March 6, 2007Coupon Rate
30 -Year 11.00% Bids Rejected
-

3 -Year 9.10% 1,752.00 9.3310%

34 (4th-Opening) April 23, 2007 5-Year 9.30% 1,479.50 9.6189%
10-Year 9.60% 7,181.00 10.1296%
10,412.50

15 -Year 10.00% 975.00 10.9707%

35 (3rd Re-Opening) April 23, 2007
20-Year 10.50% 1,525.00 11.1769%
2,500.00

36 (2nd Re-Opening) April 23, 2007 30 -Year 11.00% 4,500.00 11.5459%

4,500.00

3 -Year 9.10% 1,069.00 9.3113%

34 (5th-Opening) June 6, 2007 5-Year 9.30% 2,512.00 9.5282%
10-Year 9.60% 6,850.00 10.1059%
10,431.00

15 -Year 10.00% 875.00 10.9612%

35 (4th Re-Opening) June 6, 2007
20-Year 10.50% 1,725.00 11.1831%
2,600.00

36 (3rd Re-Opening) June 6, 2007 30 -Year 11.00% 3,600.00 11.5736%

3,600.00

3 -Year 9.10% 1,273.00 9.6725%

37th-Regular August 22, 2007 5-Year 9.30% 4,652.50 9.8571%
10-Year 9.60% 4,260.00 10.3371%
10,185.50

15 -Year 10.00% 536.00 11.1080%

35 (5th Re-Opening) August 22, 2007
20-Year 10.50% 1,800.00 11.3730%
2,336.00

36 (4th Re-Opening) August 22, 2007 30 -Year 11.00% 4,000.00 11.6146%

4,000.00

3 -Year 9.10% 1,291.50 9.6185%

37th-(1st Re-Opening) October 10, 2007 5-Year 9.30% 3,550.30 9.7958%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
37th-(1st Re-Opening) October 10, 2007 (Amount in millions)
Coupon Rate
10-Year 9.60% 6,540.00 10.1791%
11,381.80

15 -Year 10.00% 2,024.00 11.1026%

35 (6th Re-Opening) October 10, 2007
20-Year 10.50% 2,000.00 11.3753%
4,024.00

36 (5th Re-Opening) October 10, 2007 30 -Year 11.00% 2,000.00 11.5880%

2,000.00

3 -Year 9.10% 1,887.00 9.6344%

37th-(2nd Re-Opening) October 31, 2007 5-Year 9.30% 1,650.00 9.8140%
10-Year 9.60% 7,465.00 10.1961%
11,002.00

15 -Year 10.00% 3,007.90 11.1428%

35 (7th Re-Opening) October 31, 2007
20-Year 10.50% 500.00 11.4057%
3,507.90

36 (6th Re-Opening) October 31, 2007 30 -Year 11.00% 1,000.00 11.6132%

1,000.00

3 -Year 9.10%
37th-(3rd Re-Opening) November 30, 2007 5-Year 9.30% Bids Rejected
10-Year 9.60%
-

15 -Year 10.00% Bids Rejected

35 (8th Re-Opening) November 30, 2007
20-Year 10.50% No Bid Received
-

36 (7th Re-Opening) November 30, 2007 30 -Year 11.00% 2,000.00 11.618%

2,000.00

3 -Year 9.10% 216.00 10.050%

37th-(4th Re-Opening) January 31, 2008 5-Year 9.30% 726.40 10.235%
10-Year 9.60% 4,162.50 10.776%
5,104.90

15 -Year 10.00% 1,762.00 11.612%

35 (9th Re-Opening) January 31, 2008
20-Year 10.50% 2,600.00 11.836%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate 4,362.00

36 (8th Re-Opening) January 31, 2008 30 -Year 11.00% 2,600.00 12.0500%

2,600.00

3 -Year 9.10% 285.00 10.604%

37th-(5th Re-Opening) March 31, 2008 5-Year 9.30% 197.70 10.800%
10-Year 9.60% 610.20 11.434%
1,092.90

15 -Year 10.00% 470.70 11.868%

35 (10th Re-Opening) March 31, 2008
20-Year 10.50% 950.00 11.998%
1,420.70

36 (9th Re-Opening) March 31, 2008 30 -Year 11.00% 2,800.00 12.239%

2,800.00

3 -Year 9.10% 216.50 12.296%

37th-(6th Re-Opening) June 30, 2008 5-Year 9.30% - Bids Rejected
10-Year 9.60% 837.70 13.411%
1,054.20

15 -Year 10.00% 812.50 13.441%

35 (11th Re-Opening) June 30, 2008
20-Year 10.50% 1,200.00 13.855%
2,012.50

36 (10th Re-Opening) June 30, 2008 30 -Year 11.00% 1,700.00 14.118%

1,700.00

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 7-YEAR 10-YEAR 15-Year
30-Aug-08 11.25% 11.50% 11.75% 12.00% 12.50%

EFFECTIVE DATE 20-Year 30-Year

22-Dec-06 13.00% 13.75%

3 -Year 11.25% 187.50 13.6973%

5-Year 11.50% - Bids Rejected
7-Year 11.75% 200.00 14.3278%
38th-Regular August 30, 2008 10-Year 12.00% 688.30 14.4724%
15-Year 12.50% 56.00 14.7500%
20-Year 13.00% - No Bid Received
30-Year 13.75% 2,500.00 14.6078%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate 3,631.80

3 -Year 11.25% 3,977.50 13.8806%

5-Year 11.50% 3,023.20 14.3350%
7-Year 11.75% 2,735.00 14.7030%
38th-Regular
February 19, 2009 10-Year 12.00% 7,821.00 14.8642%
(1st Re-Opening)
15-Year 12.50% 1,180.00 15.3557%
20-Year 13.00% 1,500.00 15.7002%
30-Year 13.75% 2,000.00 16.2248%
22,236.70

3 -Year 11.25% 3,246.50 12.7670%

5-Year 11.50% 2,955.00 12.8620%
7-Year 11.75% 2,592.00 13.0505%
38th-Regular
April 16, 2009 10-Year 12.00% 14,156.00 13.0672%
(2nd Re-Opening)
15-Year 12.50% 63.40 13.8007%
20-Year 13.00% 200.00 14.2492%
30-Year 13.75% 100.00 14.4995%
23,312.90

3 -Year 11.25% 2,866.50 12.3066%

5-Year 11.50% 2,988.00 12.3721%
7-Year 11.75% 1,800.00 12.5159%
38th-Regular
rd
May 28, 2009 10-Year 12.00% 12,365.50 12.5714%
(3 Re-Opening)
15-Year 12.50% 103.00 13.3900%
20-Year 13.00% 200.00 13.8004%
30-Year 13.75% 2,000.00 14.2251%
22,323.00

3 -Year 11.25% 625.00 12.2688%

5-Year 11.50% 625.00 12.3374%
39th-Regular September 3, 2009
7-Year 11.75% 825.00 12.4159%
10-Year 12.00% 12,590.00 12.4300%
14,665.00

15-Year 12.50% 229.00 12.9223%

38th-Regular
th
September 3, 2009 20-Year 13.00% 500.00 13.2993%
(4 Re-Opening)
30-Year 13.75% 500.00 13.7493%
1,229.00

3 -Year 11.25% 2,654.00 12.2098%

39th-Regular 5-Year 11.50% 2,484.20 12.2950%
November 12, 2009
(1st Re-Opening) 7-Year 11.75% 650.00 12.4289%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
39th-Regular
November 12, 2009
(1st Re-Opening) (Amount in millions)
Coupon Rate
10-Year 12.00% 9,455.30 12.4261%
15,243.50

15-Year 12.50% 735.00 12.8478%

38th-Regular
th
November 12, 2009 20-Year 13.00% 500.00 13.2106%
(5 Re-Opening)
30-Year 13.75% 750.00 13.7116%
1,985.00

3 -Year 11.25% 3,269.00 12.2679%

th
39 -Regular 5-Year 11.50% 1,405.60 12.3705%
nd
February 4, 2010
(2 Re-Opening) 7-Year 11.75% 250.00 12.4770%
10-Year 12.00% 4,335.00 12.4771%
9,259.60

15-Year 12.50% 71.00 12.8977%

38th-Regular
th
February 4, 2010 20-Year 13.00% 525.00 13.0993%
(6 Re-Opening)
30-Year 13.75% 525.00 13.5507%
1,121.00

3 -Year 11.25% 1,695.00 12.4748%

th
39 -Regular 5-Year 11.50% 1,227.50 12.5639%
March 18, 2010
(3rd Re-Opening) 7-Year 11.75% 250.00 12.6960%
10-Year 12.00% 6,357.50 12.7046%
9,530.00

15-Year 12.50% - No Bid Received

38th-Regular
th
March 18, 2010 20-Year 13.00% - Bids Rejected
(7 Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 3,452.30 12.4207%

th
39 -Regular 5-Year 11.50% 1,485.00 12.4993%
May 27, 2010
(4th Re-Opening) 7-Year 11.75% 300.00 12.5941%
10-Year 12.00% 6,661.30 12.6552%
11,898.60

15-Year 12.50% - Bids Rejected

38th-Regular
May 27, 2010 20-Year 13.00% - Bids Rejected
(8th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% - Bids Rejected

5-Year 11.50% - Bids Rejected
40th-Regular July 22, 2010
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
40th-Regular July 22, 2010
Coupon Rate
7-Year 11.75% - Bids Rejected
10-Year 12.00% - Bids Rejected
-

15-Year 12.50% - Bids Rejected

38th-Regular
July 22, 2010 20-Year 13.00% - Bids Rejected
(9th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% - Bids Rejected

th
40 -Regular 5-Year 11.50% - Bids Rejected
August 19, 2010
(1st Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% - Bids Rejected
-

15-Year 12.50% - Bids Rejected

38th-Regular
August 19, 2010 20-Year 13.00% - Bids Rejected
(10th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 1,097.70 13.8975%

40th-Regular 5-Year 11.50% 790.70 13.9991%
October 14, 2010
(2nd Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 5,531.50 14.0175%
7,419.90

15-Year 12.50% - Bids Rejected

38th-Regular
October 14, 2010 20-Year 13.00% 525.00 14.1993%
(11th Re-Opening)
30-Year 13.75% - Bids Rejected
525.00

3 -Year 11.25% 5,631.50 14.1684%

5-Year 11.50% 2,416.00 14.2613%
40th-Regular (3rd Re-Opening) December 23, 2010
7-Year 11.75% - Bids Rejected
10-Year 12.00% 14,348.30 14.2482%
22,395.80

15-Year 12.50% - Bids Rejected

38th-Regular
December 23, 2010 20-Year 13.00% - Bids Rejected
(12th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 7,120.00 14.2004%

40th-Regular
February 17, 2011
(4th Re-Opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
th Coupon Rate
40 -Regular 5-Year 11.50% 1,766.00 14.2766%
th
February 17, 2011
(4 Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 18,962.80 14.2206%
27,848.80

15-Year 12.50% - Bids Rejected

38th-Regular
February 17, 2011 20-Year 13.00% - Bids Rejected
(13th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 4,835.20 14.0479%

40th-Regular 5-Year 11.50% 1,701.00 14.1081%
March 17, 2011
(5th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 18,694.60 14.0791%
25,230.80

15-Year 12.50% - Bids Rejected

38th-Regular
March 17, 2011 20-Year 13.00% - Bids Rejected
(14th Re-Opening)
30-Year 13.75% - Bids Rejected

3 -Year 11.25% 6,595.90 13.9929%

40th-Regular 5-Year 11.50% 4,032.00 14.0413%
April 28, 2011
(6th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 15,567.00 14.0838%
26,194.90

15-Year 12.50% - Bids Rejected

38th-Regular
April 28, 2011 20-Year 13.00% - Bids Rejected
(15th Re-Opening)
30-Year 13.75% - Bids Rejected
-

3 -Year 11.25% 13,194.27 13.9692%

40th-Regular 5-Year 11.50% 3,027.00 14.0335%
May 26, 2011
(7th Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 13,317.10 14.0778%
29,538.37

15-Year 12.50% 235.00 14.1082%

38th-Regular
May 26, 2011 20-Year 13.00% 125.00 14.1425%
(16th Re-Opening)
30-Year 13.75% - Bids Rejected
360.00

3 -Year 11.25% 11,237.60 13.9845%

40th-Regular
June 23, 2011
(8th Re-Opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
th Coupon Rate
40 -Regular 5-Year 11.50% 3,010.50 14.0334%
th
June 23, 2011
(8 Re-Opening) 7-Year 11.75% - Bids Rejected
10-Year 12.00% 14,934.30 14.0696%
29,182.40

15-Year 12.50% 225.00 14.0980%

38th-Regular
June 23, 2011 20-Year 13.00% 225.00 14.1377%
(17th Re-Opening)
30-Year 13.75% 225.00 14.1861%
675.00

3 -Year 11.25% 10,385.70 13.4310%

5-Year 11.50% 11,070.00 13.4737%
7-Year 11.75% - Bids Rejected
41st-Regular August 18, 2011 10-Year 12.00% 19,835.60 13.4993%
15-Year 12.50% 2,261.30 13.5011%
20-Year 13.00% - Bids Rejected
30-Year 13.75% - Bids Rejected
43,552.60

3 -Year 11.25% 7,038.50 13.1230%

5-Year 11.50% 6,919.50 13.1412%
7-Year 11.75% - Bids Rejected
41st-Regular
September 15, 2011 10-Year 12.00% 13,280.50 13.1926%
(1st Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
27,238.50

3 -Year 11.25% 5,328.10 12.0797%

5-Year 11.50% 2,839.20 12.1077%
7-Year 11.75% - Bids Rejected
41st-Regular
nd
October 13, 2011 10-Year 12.00% 10,701.50 12.1557%
(2 Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
18,868.80

41st (Special - Circular Debt) November 4, 2011 5-Year 11.50% 195,349.33 12.625%
195,349.33

3 -Year 11.25% 5,446.00 12.1689%

5-Year 11.50% - Bids Rejected
7-Year 11.75% - Bids Rejected
41st-Regular
November 24, 2011
(3rd Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
41st-Regular
Coupon
November 24, 2011 Rate
10-Year 12.00% 5,624.10 12.2544%
(3rd Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
11,070.10

3 -Year 11.25% 4,345.20 12.4049%

5-Year 11.50% 1,576.20 12.6755%
7-Year 11.75% - Bids Rejected
41st-Regular
December 22, 2011 10-Year 12.00% 277.40 12.6993%
(4th Re-opening)
15-Year 12.50% - No Bid Received
20-Year 13.00% - No Bid Received
30-Year 13.75% - No Bid Received
6,198.80

3 -Year 11.25% 12,109.80 12.4203%

41st-Regular 5-Year 11.50% 6,520.00 12.7807%
February 16, 2012
(5th Re-opening) 10-Year 12.00% 6,728.10 12.8517%
20-Year 13.00% - No Bid Received
25,357.90

3 -Year 11.25% 5,953.70 12.5027%

41st-Regular 5-Year 11.50% 13,013.70 12.8857%
March 15, 2012
(6th Re-opening) 10-Year 12.00% 7,922.50 13.1053%
20-Year 13.00% - No Bid Received
26,889.90

3 -Year 11.25% 12,888.40 12.5855%

st
41 -Regular 5-Year 11.50% 4,936.50 13.0243%
May 10, 2012
(7th Re-opening) 10-Year 12.00% 9,751.80 13.2841%
20-Year 13.00% - Bids Rejected
27,576.70

3 -Year 11.25% 8,711.50 12.6892%

st
41 -Regular 5-Year 11.50% 9,021.50 13.0753%
June 7, 2012
(8th Re-opening) 10-Year 12.00% 17,927.20 13.3627%
20-Year 13.00% 3,680.00 13.3496%
39,340.20

3 -Year 11.25% 20,867.20 12.6392%

42nd-Regular July 19, 2012 5-Year 11.50% 19,526.50 13.0504%
10-Year 12.00% 11,590.00 13.3269%
51,983.70
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
st
41 -Regular July 19, 2012 20-Year 13.00% 5,197.00 13.3503%
5,197.00

3 -Year 11.25% 13,075.00 11.2706%

42nd -Regular
August 16, 2012 5-Year 11.50% 13,734.10 11.5520%
(1st Re-opening)
10-Year 12.00% 5,343.30 12.0320%
32,152.40

41st-Regular August 16, 2012 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 14,884.80 10.5635%

42nd -Regular
September 27, 2012 5-Year 11.50% 16,260.00 11.1179%
(2nd Re-opening)
10-Year 12.00% 10,579.00 11.5776%
41,723.80

41st-Regular September 27, 2012 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 18,769.50 10.3818%

42nd -Regular
October 24, 2012 5-Year 11.50% 5,929.00 10.9399%
(3rd Re-opening)
10-Year 12.00% 6,343.50 11.4173%
31,042.00

41st-Regular October 24, 2012 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 9,115.00 10.2215%

42nd -Regular
November 22, 2012 5-Year 11.50% 8,271.90 10.8371%
(4th Re-opening)
10-Year 12.00% 2,889.50 11.3859%
20,276.40

41st-Regular November 22, 2012 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 5,512.50 10.3500%

42nd -Regular
December 7, 2012 5-Year 11.50% 640.90 10.9334%
(5th Re-opening)
10-Year 12.00% 2,494.00 11.4206%
8,647.40

41st-Regular December 7, 2012 20-Year 13.00% - No Bid Received

-
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% - Bids Rejected
42nd -Regular
January 17, 2013 5-Year 11.50% - Bids Rejected
(6th Re-opening)
10-Year 12.00% - Bids Rejected
-

41st-Regular January 17, 2013 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% - Bids Rejected

42nd -Regular
February 14, 2013 5-Year 11.50% - Bids Rejected
(7th Re-opening)
10-Year 12.00% - Bids Rejected
-

41st-Regular February 14, 2013 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% - Bids Rejected

42nd -Regular
March 14, 2013 5-Year 11.50% - Bids Rejected
(8th Re-opening)
10-Year 12.00% - Bids Rejected
-

41st-Regular March 14, 2013 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 16,355.30 10.6694%

42nd -Regular
April 25, 2013 5-Year 11.50% - Bids Rejected
(9th Re-opening)
10-Year 12.00% - Bids Rejected
16,355.30

41st -Regular April 25, 2013 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 16,677.00 10.0111%

42nd -Regular
May 23, 2013 5-Year 11.50% 11,280.00 10.3843%
(10th Re-opening)
10-Year 12.00% 9,984.40 11.0696%
37,941.40

41st-Regular May 23, 2013 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 24,043.50 9.6068%

42nd -Regular
June 20, 2013 5-Year 11.50% 4,850.00 10.0504%
(11th Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
42nd -Regular
June 20, 2013 (Amount in millions)
(11th Re-opening)
Coupon Rate
10-Year 12.00% 4,144.50 10.9622%
33,038.00

41st-Regular June 20, 2013 20-Year 13.00% - No Bid Received

-

Special for Conversion of Power

June 28, 2013 5-Year 13.00% 115,894.70 10.0504%
Sector 42nd-Regular (12th Re-
115,894.70

3 -Year 11.25% 7,176.50 10.3261%

43rd -Regular July 18, 2013
5-Year 11.50% 5,881.40 10.7762%
13,057.90

42nd -Regular July 18, 2013 10-Year 12.00% 4,534.40 11.5271%

4,534.40

41st-Regular July 18, 2013 20-Year 13.00% - No Bid Received

-

43rd -Regular 3 -Year 11.25% 11,730.80 11.0107%

August 29, 2013
(1st Re-opening) 5-Year 11.50% 13,610.60 11.4868%
25,341.40

42nd -Regular August 29, 2013 10-Year 12.00% 4,633.00 11.9022%

4,633.00

41st-Regular August 29, 2013 20-Year 13.00% - No Bid Received

-

43rd -Regular 3 -Year 11.25% 5,851.90 11.6204%

September 26, 2013
(2nd Re-opening) 5-Year 11.50% 4,724.20 12.0913%
10,576.10

42nd -Regular September 26, 2013 10-Year 12.00% 6,475.60 12.5105%

6,475.60

41st-Regular September 26, 2013 20-Year 13.00% - No Bid Received

-

43rd--Regular 3 -Year 11.25% - Bids Rejected

October 24, 2013
(3rd Re-opening) 5-Year 11.50% - Bids Rejected
-
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
nd Coupon Rate
42 -Regular October 24, 2013 10-Year 12.00% - Bids Rejected
-

41st -Regular October 24, 2013 20-Year 13.00% - No Bid Received

-

43rd -Regular 3 -Year 11.25% 20,111.90 11.9568%

November 21, 2013
(4th Re-opening) 5-Year 11.50% 9,897.50 12.4850%
30,009.40

42nd -Regular November 21, 2013 10-Year 12.00% 15,138.60 12.9081%

15,138.60

41st-Regular November 21, 2013 20-Year 13.00% - No Bid Received

-

43rd--Regular 3 -Year 11.25% 10,040.10 12.0862%

December 19, 2013
(5th Re-opening) 5-Year 11.50% 3,503.00 12.5587%
13,543.10

42nd - Regular December 19, 2013 10-Year 12.00% 45,354.00 12.8685%

45,354.00

41st-Regular (26th Re-opening) December 19, 2013 20-Year 13.00% 525.00 13.2894%
525.00

3 -Year 11.25% 82,569.50 11.7610%

43rd--Regular (6th Re-opening) January 30, 2014
5-Year 11.50% 44,925.40 12.2039%
127,494.90

42nd--Regular (19th Re-opening) January 30, 2014 10-Year 12.00% 62,300.90 12.6075%
62,300.90

41st-Regular (27th Re-opening) January 30, 2014 20-Year 13.00% 11,797.70 12.9000%
11,797.70

3 -Year 11.25% 135,023.10 12.0362%

43rd--Regular (7th Re-opening) February 27, 2014
5-Year 11.50% 72,261.40 12.4912%
207,284.50

42nd--Regular (20th Re-opening) February 27, 2014 10-Year 12.00% 41,026.30 12.8678%
41,026.30
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
41st-Regular (28th Re-opening) Coupon
February 27, 2014 Rate
20-Year 13.00% - 0.0000%
-

3 -Year 11.25% 288,403.90 11.9928%

43rd--Regular (8th Re-opening) March 27, 2014
5-Year 11.50% 130,216.00 12.4531%
418,619.90

42nd--Regular (21st Re-opening) March 27, 2014 10-Year 12.00% 116,548.90 12.8271%
116,548.90

41st-Regular (29th Re-opening) March 27, 2014 20-Year 13.00% - 0.0000%

-

3 -Year 11.25% 244,290.20 12.0699%

43rd--Regular (9th Re-opening) April 24, 2014
5-Year 11.50% 81,852.30 12.5336%
326,142.50

42nd--Regular (22nd Re-opening) April 24, 2014 10-Year 12.00% 101,272.70 12.8773%
101,272.70

41st-Regular (30th Re-opening) April 24, 2014 20-Year 13.00% - 0.0000%

-

3 -Year 11.25% 183,428.90 12.0784%

43rd--Regular (10th Re-opening) May 22, 2014
5-Year 11.50% 43,096.40 12.5359%
226,525.30

42nd--Regular (23rd Re-opening) May 22, 2014 10-Year 12.00% 17,357.20 12.8764%
17,357.20

41st-Regular (31st Re-opening) May 22, 2014 20-Year 13.00% - 0.0000%

-

43rd--Regular 3 -Year 11.25% 182,179.20 12.0797%

June 19, 2014
(11th Re-opening) 5-Year 11.50% 16,142.70 12.5492%
198,321.90

42nd--Regular June 19, 2014 10-Year 12.00% 6,113.20 12.9209%

6,113.20

41st-Regular June 19, 2014 20-Year 13.00% 8,000.00 13.0007%

8,000.00
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 11.25% 36,534.90 12.3466%
th
44 -Regular (Fresh) July 17, 2014 5-Year 11.50% 10,952.80 12.7421%
10-Year 12.00% 13,842.20 13.1571%
61,329.90

41st-Regular July 17, 2014 20-Year 13.00% 2,000.00 13.1125%

2,000.00

3 -Year 11.25% 42,620.00 12.4258%

44th -Regular
August 13, 2014 5-Year 11.50% 22,805.00 12.8152%
(1st Re-opening)
10-Year 12.00% 24,393.50 13.2415%
89,818.50

41st-Regular August 13, 2014 20-Year 13.00% - 0.0000%

-

3 -Year 11.25% 91,299.10 12.5393%

44th -Regular
September 11, 2014 5-Year 11.50% 25,400.30 12.9476%
(2nd Re-opening)
10-Year 12.00% 38,233.20 13.4128%
154,932.60

41st-Regular September 11, 2014 20-Year 13.00% 5,500.00 13.5905%

5,500.00

3 -Year 11.25% 22,118.20 12.3747%

44th -Regular
October 23, 2014 5-Year 11.50% 23,031.90 12.9646%
(3rd Re-opening)
10-Year 12.00% 12,117.80 13.4392%
57,267.90

41st-Regular October 23, 2014 20-Year 13.00% - No Bid Received

-

3 -Year 11.25% 70,025.40 10.3944%

44th -Regular
November 20, 2014 5-Year 11.50% 26,502.00 10.6878%
(4th Re-opening)
10-Year 12.00% 48,191.30 11.6592%
144,718.70

41st-Regular November 20, 2014 20-Year 13.00% - Bids Rejected

-

3 -Year 11.25% 91,151.00 10.4001%

44th -Regular
December 18, 2014 5-Year 11.50% 25,193.90 10.7461%
(5th Re-opening)
10-Year 12.00% 35,925.00 11.6081%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate 152,269.90

41st-Regular December 18, 2014 20-Year 13.00% - Bids Rejected

-

3 -Year 11.25% 7,015.10 8.8766%

44th -Regular
January 29, 2015 5-Year 11.50% 65,702.80 9.4031%
(6th Re-opening)
10-Year 12.00% 3,800.10 10.0074%
76,518.00

41st-Regular January 29, 2015 20-Year 13.00% 500.00 10.9995%

500.00

3 -Year 11.25% 15,573.70 8.4973%

44th -Regular
February 26, 2015 5-Year 11.50% 36,898.70 9.0713%
(7th Re-opening)
10-Year 12.00% 13,939.00 9.7596%
66,411.40

41st-Regular February 26, 2015 20-Year 13.00% - No Bid Received

-

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
26-Mar-15 8.75% 9.25% 9.75% 10.75%

3 -Year 8.75% 20,471.90 8.187%

5-Year 9.25% 16,273.00 8.660%
45th--Regular (Fresh) March 26, 2015
10-Year 9.75% 12,129.60 9.422%
20-Year 10.75% - No Bid Received
48,874.50

3 -Year 8.75% 31,108.80 7.760%

45th - Regular 5-Year 9.25% 6,871.50 8.370%
April 23, 2015
(1st Re-opening) 10-Year 9.75% 4,856.50 9.309%
20-Year 10.75% - No Bid Received
42,836.80

3 -Year 8.75% 26,080.00 7.365%

45th - Regular 5-Year 9.25% 18,664.00 8.011%
May 21, 2015
(2nd Re-opening) 10-Year 9.75% 16,028.50 9.137%
20-Year 10.75% - No Bid Received
60,772.50
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 8.75% 41,487.50 7.889%
45th - Regular 5-Year 9.25% 9,198.50 8.878%
June 18, 2015
(3rd Re-opening) 10-Year 9.75% - Bids Rejected
20-Year 10.75% - No Bid Received
50,686.00

3 -Year 8.75% 40,720.40 8.0647%

45th - Regular 5-Year 9.25% 14,885.00 8.9652%
July 16, 2015
(4th Re-opening) 10-Year 9.75% - Bids Rejected
20-Year 10.75% - No Bid Received
55,605.40

3 -Year 8.75% 50,233.50 7.5398%

45th - Regular 5-Year 9.25% 16,059.50 8.5085%
August 13, 2015
(5th Re-opening) 10-Year 9.75% 3,067.30 9.4007%
20-Year 10.75% - No Bid Received
69,360.30

3 -Year 8.75% 43,661.30 7.3114%

45th - Regular 5-Year 9.25% 46,084.00 8.2431%
September 10, 2015
(6th Re-opening) 10-Year 9.75% 3,572.50 9.3287%
20-Year 10.75% - No Bid Received
93,317.80

3 -Year 8.75% 40,784.00 7.1552%

45th - Regular 5-Year 9.25% 54,535.50 8.1560%
October 8, 2015
(7th Re-opening) 10-Year 9.75% 1,012.00 9.2299%
20-Year 10.75% - No Bid Received
96,331.50

3 -Year 8.75% 38,484.30 6.9842%

45th - Regular 5-Year 9.25% 10,067.60 7.9328%
November 19, 2015
(8th Re-opening) 10-Year 9.75% 1,740.00 9.1507%
20-Year 10.75% - No Bid Received
50,291.90

3 -Year 8.75% 32,297.00 6.9987%

45th - Regular 5-Year 9.25% 3,167.50 7.9873%
December 17, 2015
(9th Re-opening) 10-Year 9.75% 762.50 9.0995%
20-Year 10.75% - No Bid Received
36,227.00

3 -Year 8.75% 67,446.20 6.4744%

45th - Regular
January 28, 2016
(10th Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
45th - Regular Coupon Rate
5-Year 9.25% 56,878.90 7.4639%
January 28, 2016
(10th Re-opening) 10-Year 9.75% 1,059.70 8.8509%
20-Year 10.75% - No Bid Received
125,384.80

3 -Year 8.75% 58,969.30 6.2948%

45th - Regular 5-Year 9.25% 73,070.20 6.9679%
February 25, 2016
(11th Re-opening) 10-Year 9.75% 9,228.20 8.2495%
20-Year 10.75% - No Bid Received
141,267.70

3 -Year 8.75% 35,018.50 6.3124%

45th - Regular 5-Year 9.25% 63,272.60 6.9783%
March 22, 2016
(12th Re-opening) 10-Year 9.75% 16,886.00 8.2209%
20-Year 10.75% - No Bid Received
115,177.10

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
21-Apr-16 7.00% 7.75% 0.00% 8.75% 10.75%

3 -Year 7.00% 46,150.50 6.4605%

46th - Regular (Fresh) April 21, 2016 5-Year 7.75% 59,765.10 6.9029%
10-Year 8.75% 28,522.70 8.1002%
134,438.30

45th - Regular
April 21, 2016 20-Year 10.75% - No Bid Received
(13th Re-opening)
-

3 -Year 7.00% - Bids Rejected

46th - Regular
May 19, 2016 5-Year 7.75% - Bids Rejected
(1st Re-Opening)
10-Year 8.75% - Bids Rejected
-

45th - Regular
May 19, 2016 20-Year 10.75% - No Bid Received
(14th Re-opening)
-

3 -Year 7.00% 31,046.50 6.3848%

46th - Regular
June 16, 2016 5-Year 7.75% 9,775.50 6.8824%
(2nd Re-Opening)
10-Year 8.75% 5,376.50 7.9981%
46,198.50

45th - Regular
June 16, 2016 20-Year 10.75% - No Bid Received
(15th Re-opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate -

3 -Year 7.00% 88,822.10 6.1444%

46th - Regular
July 14, 2016 5-Year 7.75% 74,986.00 6.6364%
(3rd Re-Opening)
10-Year 8.75% 62,565.40 7.7222%
226,373.50

45th - Regular
July 14, 2016 20-Year 10.75% - Bids Rejected
(16th Re-opening)
-

3 -Year 7.00% 98,601.30 6.1839%

46th - Regular
August 25, 2016 5-Year 7.75% 62,845.10 6.6873%
(4th Re-Opening)
10-Year 8.75% 48,191.80 7.7592%
209,638.20

45th - Regular
August 25, 2016 20-Year 10.75% - No Bid Received
(17th Re-opening)
-

3 -Year 7.00% 117,828.50 6.1859%

46th - Regular
September 22, 2016 5-Year 7.75% 79,275.50 6.6926%
(5th Re-Opening)
10-Year 8.75% 13,207.10 7.7956%
210,311.10

45th - Regular
September 22, 2016 20-Year 10.75% - No Bid Received
(18th Re-opening)
-

3 -Year 7.00%
46th - Regular
October 21, 2016 5-Year 7.75% Bids Rejected
(6th Re-Opening)
10-Year 8.75%
-

45th-Regular
October 21, 2016 20-Year 10.75% - No Bid Received
(19th Re-opening)
-

3 -Year 7.00%
46th--Regular
November 17, 2016 5-Year 7.75% Bids Rejected
(7th Re-Opening)
10-Year 8.75%
-

45th-Regular
November 17, 2016 20-Year 10.75% - No Bid Received
(20th Re-opening)
-
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
29-Dec-16 7.00% Coupon Rate
7.75% 0.00% 8.75% 10.75%
3 -Year 7.00%
5-Year 7.75%
47th - Regular (Fresh) December 29, 2016 Bids Rejected
10-Year 8.75%
20-Year 10.75%
-

3 -Year 7.00% 29,875.00 6.3304%

47th - Regular 5-Year 7.75% 11,793.00 6.8998%
January 26, 2017
(1st Re-Opening) 10-Year 8.75% 2,377.50 7.9414%
20-Year 10.75% - No Bid Received
44,045.50

3 -Year 7.00% 58,640.00 6.3789%

47th - Regular 5-Year 7.75% 296.00 6.8994%
February 23, 2017
(2nd Re-Opening) 10-Year 8.75% 237.50 7.9406%
20-Year 10.75% - Bids Rejected
59,173.50

3 -Year 7.00% 26,802.00 6.4029%

47th - Regular 5-Year 7.75% 1,179.50 6.8895%
March 24, 2017
(3rd Re-Opening) 10-Year 8.75% 1,244.00 7.9402%
20-Year 10.75% - Bids Rejected
29,225.50

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
April 20, 2017
(4th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% 33,864.00 6.3992%

47th - Regular 5-Year 7.75% 5,238.50 6.8902%
May 18, 2017
(5th Re-Opening) 10-Year 8.75% 1,114.00 7.9358%
20-Year 10.75% - No Bid Received
40,216.50

3 -Year 7.00% 68,322.90 6.4043%

47th - Regular 5-Year 7.75% 3,500.00 6.8952%
June 15, 2017
(6th Re-Opening) 10-Year 8.75% 3,210.00 7.9356%
20-Year 10.75% - No Bid Received
75,032.90
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 -Year 7.00% 23,376.00 6.4029%
47th - Regular 5-Year 7.75% 10,150.00 6.8960%
July 27, 2017
(7th Re-Opening) 10-Year 8.75% 22,095.00 7.9359%
20-Year 10.75% - No Bid Received
55,621.00

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
August 24, 2017
(8th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
September 21, 2017
(9th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
October 19, 2017
(10th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 -Year 7.00% - Bids Rejected

47th - Regular 5-Year 7.75% - Bids Rejected
November 16, 2017
(11th Re-Opening) 10-Year 8.75% - Bids Rejected
20-Year 10.75% - No Bid Received
-

3 - Year 7.00% - Bids Rejected

47th - Regular 5 - Year 7.75% - Bids Rejected
December 14, 2017
(12th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-
3 - Year 7.00% - Bids Rejected
47th - Regular 5 - Year 7.75% - Bids Rejected
January 25, 2018
(13th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-
3 - Year 7.00% - Bids Rejected
47th - Regular 5 - Year 7.75% - Bids Rejected
February 22, 2018
(14th Re-Opening) 10 - Year 8.75% - Bids Rejected
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
47th - Regular Date Rate Accepted Average Yield%
February 22, 2018
(14th Re-Opening) (Amount in millions)
Coupon
20 - Rate
Year 10.75% - No Bid Received
-

3 - Year 7.00% - Bids Rejected

47th - Regular 5 - Year 7.75% - Bids Rejected
March 22, 2018
(15th Re-Opening) 10 - Year 8.75% - Bids Rejected
20 - Year 10.75% - No Bid Received
-
3 - Year 7.00% 7,616.30 7.1621%
47th - Regular 5 - Year 7.75% 2,358.00 8.0305%
April 19, 2018
(16th Re-Opening) 10 - Year 8.75% 25,460.00 8.5000%
20 - Year 10.75% - No Bid Received
35,434.30

3 - Year 7.00% 4,248.00 7.2003%

47th - Regular 5 - Year 7.75% 1,884.00 8.0308%
May 18, 2018
(17th Re-Opening) 10 - Year 8.75% 733.00 8.4738%
20 - Year 10.75% - No Bid Received
6,865.00

3 - Year 7.00% 2,674.90 7.4677%

47th - Regular 5 - Year 7.75% 540.40 8.4795%
June 13, 2018
(18th Re-Opening) 10 - Year 8.75% 596.80 8.6999%
20 - Year 10.75% - No Bid Received
3,812.10

Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 20-YEAR
12-Jul-18 7.25% 8.00% 8.75% 10.75%
3 - Year 7.25% Bids Rejected
5 - Year 8.00% Bids Rejected
48th - Regular (Fresh) July 12, 2018
10 - Year 8.75%
No Bid Received
20 - Year 10.75%
-

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% 15,918.00 9.2500%
August 9, 2018
(1st Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% No Bid Received
15,918.00

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% 4,668.00 9.2500%
September 6, 2018
(2nd Re-Opening)
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%

48th - Regular (Amount in millions)

September 6, 2018
(2nd Re-Opening) Coupon
10 - Rate
Year 8.75% Bids Rejected
20 - Year 10.75% No Bid Received
4,668.00

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% Bids Rejected
October 18, 2018
(3rd Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% No Bid Received
-

3 - Year 7.25% Bids Rejected

48th - Regular 5 - Year 8.00% Bids Rejected
November 29, 2018
(4th Re-Opening) 10 - Year 8.75% No Bid Received
20 - Year 10.75% No Bid Received
-

3 - Year 7.25% 8,665.00 12.1915%

48th - Regular 5 - Year 8.00% 2,350.10 12.6997%
December 27, 2018
(5th Re-Opening) 10 - Year 8.75% 11,483.60 13.1245%
20 - Year 10.75% No Bid Received
22,498.70

3 - Year 7.25% 34,081.90 12.2209%

48th - Regular 5 - Year 8.00% 26,712.50 12.6978%
January 24, 2019
(6th Re-Opening) 10 - Year 8.75% Bids Rejected
20 - Year 10.75% Bids Rejected
60,794.40

3 - Year 7.25% 115,155.60 12.0002%

48th - Regular 5 - Year 8.00% 54,193.70 12.4461%
February 21, 2019
(7th Re-Opening) 10 - Year 8.75% 63,229.80 12.8267%
20 - Year 10.75% No Bid Received
232,579.10
3 - Year 7.25% 22,419.00 12.1981%
48th - Regular 5 - Year 8.00% 24,608.40 12.5392%
March 21, 2019
(8th Re-Opening) 10 - Year 8.75% 57,523.50 12.9681%
20 - Year 10.75% No Bid Received
104,550.90
3 - Year 7.25% 162,664.10 12.1419%
48th - Regular 5 - Year 8.00% -
April 18, 2019
(9th Re-Opening) 10 - Year 8.75% -
20 - Year 10.75% No Bid Received
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate 162,664.10
3 - Year 7.25% 67,214.80 13.6117%
48th - Regular 5 - Year 8.00% 36,183.10 13.7145%
May 30, 2019
(10th Re-Opening) 10 - Year 8.75% 29,753.80 13.6000%
20 - Year 10.75% No Bid Received
133,151.70
3 - Year 7.25% 8,658.10 13.6770%
48th - Regular 5 - Year 8.00% 35,046.30 13.7687%
June 27, 2019
(11th Re-Opening) 10 - Year 8.75% 91,204.20 13.6820%
20 - Year 10.75% No Bid Received
134,908.60
3 - Year 7.25% 124,364.90 14.0206%
48th - Regular 5 - Year 8.00% 72,091.80 13.7740%
July 25, 2019
(12th Re-Opening) 10 - Year 8.75% 28,808.20 13.4548%
20 - Year 10.75% No Bid Received
225,264.90

3 - Year 7.25% 417,927.60 14.1519%

48th - Regular 5 - Year 8.00% 65,221.40 13.4860%
August 22, 2019
(13th Re-Opening) 10 - Year 8.75% 30,543.90 13.1017%
20 - Year 10.75% Bids Rejected
513,692.90
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
19-Sep-19 9.00% 9.50% 10.00% 10.50% 11.00%
3 - Year 9.00% 89,648.80 12.8683%
49th - Regular 5 - Year 9.50% 84,437.70 12.3760%
September 19, 2019
(Fresh Issuance) 10 - Year 10.00% 50,416.30 12.1482%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 52,513.10 11.7130%

49th - Regular 5 - Year 9.50% 37,705.00 11.5151%
October 31, 2019
(1st Re-Opening) 10 - Year 10.00% 35,802.20 11.2636%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 59,166.90 11.7640%

49th - Regular 5 - Year 9.50% 52,215.00 11.3903%
November 14, 2019
(2nd Re-Opening) 10 - Year 10.00% 22,554.50 11.2800%
20 - Year 11.00% Bid Rejected

3 - Year 9.00% 58,637.20 11.6954%

49th - Regular 5 - Year 9.50% 56,046.00 11.1511%
December 12, 2019
(3rd Re-Opening) 10 - Year 10.00% 36,760.00 10.9453%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
49th - Regular
December 12, 2019
(3rd Re-Opening) (Amount in millions)
Coupon
20 - Rate
Year 11.00% Bid Rejected

3 - Year 9.00% 28,061.60 11.7226%

49th - Regular 5 - Year 9.50% 55,470.00 11.0899%
January 9, 2020
(4th Re-Opening) 10 - Year 10.00% 20,346.00 10.8825%
20 - Year 11.00% Bid Rejected

3 - Year 9.00% 20,024.20 11.9582%

49th - Regular 5 - Year 9.50% 30,256.50 11.3371%
February 6, 2020
(5th Re-Opening) 10 - Year 10.00% 10,370.00 10.9600%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 49,714.50 11.5351%

49th - Regular 5 - Year 9.50% 41,455.50 10.9350%
March 5, 2020
(6th Re-Opening) 10 - Year 10.00% 39,581.50 10.7519%
20 - Year 11.00% 1,000.00 11.7999%

3 - Year 9.00% 46,717.30 8.5315%

49th,50th - Regular 5 - Year 9.50% 36,442.20 8.7085%
(7th Re-Opening of 3,5,10,20Y April 15, 2020 10 - Year 10.00% 14,329.20 8.9725%
Fresh Issue 15Y) 15 - Year 10.50% 10,275.00 10.4540%
20 - Year 11.00% 5,012.80 10.7000%

3 - Year 9.00% 82,690.90 7.5239%

49th,50th - Regular 5 - Year 9.50% 59,546.50 7.8740%
(8th Re-Opening of 3,5,10,20Y 1st May 28, 2020 10 - Year 10.00% 27,087.50 8.4767%
Re-Opening of 15Y) 15 - Year 10.50% 2,525.00 9.6640%
20 - Year 11.00% Bids Rejected

3 - Year 9.00% 72,685.00 7.8223%

49th,50th - Regular 5 - Year 9.50% 21,961.70 8.3542%
(9th Re-Opening of 3,5,10,20Y June 25, 2020 10 - Year 10.00% 16,197.50 8.8710%
2nd Re-Opening of 15Y) 15 - Year 10.50% 4,000.00 9.8675%
20 - Year 11.00% 100.00 10.5100%

3 - Year 9.00% 98,188.00 7.2359%

49th,50th - Regular 5 - Year 9.50% 57,741.00 8.2139%
(10th Re-Opening of 3,5,10,20Y July 22, 2020 10 - Year 10.00% 29,943.00 8.8570%
3rd Re-Opening of 15Y) 15 - Year 10.50% 10,000.00 9.7020%
20 - Year 11.00% 5,000.00 10.3400%
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
19-Aug-20 7.00% 9.50% 10.00% 10.50% 11.00%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 22,461.60 8.1911%
49th,50th,51st - Regular 5 - Year 9.50% 334.00 8.4473%
(3 Year Fresh,11th Re-Opening of August 20, 2020 10 - Year 10.00% 55.00 8.9445%
5,10,20Y 4th Re-Opening of 15Y) 15 - Year 10.50% 12,000.00 9.9125%
20 - Year 11.00% 10,000.00 10.4270%

3 - Year 7.00% 2,330.00 8.2000%

49th,50th,51st - Regular 112.50 8.4488%
5 - Year 9.50%
(3 Year 1st,12th Re-Opening of
September 17, 2020 10 - Year 10.00% 2.00 8.9900%
5,10,20Y and 5th Re-Opening of
15Y) 15 - Year 10.50% Bids Rejected
20 - Year 11.00% 1,000.00 10.5498%
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
14-Oct-19 7.00% 7.50% 10.00% 10.50% 11.00%

3 - Year 7.00% 50.00 8.2400%

49th,50th,51st,52nd - Regular
5 - Year 7.50% Bids Rejected
(3 Year 2nd,5 Year fresh, 13th Re-
October 15, 2020 10 - Year 10.00% Bids Rejected
Opening of 10,20Y and 6th Re-
Opening of 15Y) 15 - Year 10.50% 8,000.00 9.9900%
20 - Year 11.00% 5,000.00 10.5498%

3 - Year 7.00% 2,490.00 8.2400%

49th,50th,51st,52nd - Regular
5 - Year 7.50% Bids Rejected
(3 Year 3rd,5 Year 1st, 14th Re-
November 12, 2020 10 - Year 10.00% Bids Rejected
Opening of 10,20Y and 7th Re-
Opening of 15Y) 15 - Year 10.50% 4,000.00 9.9800%
20 - Year 11.00% 9,561.00 10.5206%
Coupon Rate
EFFECTIVE DATE 3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR
01-Dec-20 7.00% 7.50% 8.00% 10.50% 11.00%

49th,50th,51st,52nd,53rd - 3 - Year 7.00% 2,271.50 8.2400%

Regular 5 - Year 7.50% Bids Rejected
(3 Year 4th,5 Year 2nd, 10 Year December 10, 2020 10 - Year 8.00% Bids Rejected
Fresh,20Y 15th and 8th Re- 15 - Year 10.50% 3,000.00 10.0000%
Opening of 15Y) 20 - Year 11.00% 8,000.00 10.5624%
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
7.00% 7.50% 8.00% 10.50% 11.00% 11.00%

3 - Year 7.00% 8,830.00 8.4070%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 20,500.00 9.4499%
Regular
10 - Year 8.00% 6,000.00 9.9200%
(3 Year 5th,5 Year 3rd, 10 Year January 7, 2021
1st,20Y 16th,15Y 9th and 30 Year 15 - Year 10.50% Bids Rejected
Fresh) 20 - Year 11.00% Bids Rejected
30 - Year 11.00% No Bids Received

3 - Year 7.00% 11,265.00 8.9083%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 22,117.50 9.5317%
Regular
10 - Year 8.00% 27,255.40 9.9927%
(3 Year 6th,5 Year 4th, 10 Year February 4, 2021
2nd,20Y 17th,15Y 10th and 30 1st 15 - Year 10.50% No Bids Received
Reopening) 20 - Year 11.00% 1,500.00 10.5400%
30 - Year 11.00% No Bids Received

3 - Year 7.00% 28,854.00 9.3343%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 35,910.70 9.8296%
Regular
10 - Year 8.00% 20,150.00 10.2140%
(3 Year 7th,5 Year 5th, 10 Year March 4, 2021
3rd,20Y 18th,15Y 11th and 30 2nd 15 - Year 10.50% No Bids Received
Reopening) 20 - Year 11.00% No Bids Received
30 - Year 11.00% No Bids Received

3 - Year 7.00% 59,437.80 9.2202%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 79,511.90 9.7784%
Regular
10 - Year 8.00% 47,550.00 10.2124%
(3 Year 8th,5 Year 6th, 10 Year April 16, 2021
4th,20Y 19th,15Y 12th and 30 3rd 15 - Year 10.50% 12,000.00 10.4774%
Reopening) 20 - Year 11.00% 12,000.00 10.6074%
30 - Year 11.00% No Bids Received

3 - Year 7.00% 85,992.60 8.6213%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 76,434.00 9.1246%
Regular
10 - Year 8.00% 18,458.10 9.7764%
(3 Year 9th,5 Year 7th, 10 Year May 7, 2021
5th,20Y 20th,15Y 13th and 30 4th 15 - Year 10.50% 15,000.00 10.3750%
Reopening) 20 - Year 11.00% 10,000.00 10.5440%
30 - Year 11.00% No Bids Received
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 157,090.00 8.6126%
49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 8,577.70 9.2000%
Regular
10 - Year 8.00% 315.00 9.8390%
(3 Year 10th,5 Year 8th, 10 Year June 10, 2021
15 - Year 10.50% No Bids Received
6th,20Y 21st,15Y 14th and 30 5th
Reopening) 20 - Year 11.00% No Bids Received
30 - Year 11.00% No Bids Received

3 - Year 7.00% 138,746.00 8.6626%

49th,50th,51st,52nd,53rd,54th - 5 - Year 7.50% 6,515.50 9.1980%
Regular
10 - Year 8.00% BIDS REJECTED
(3 Year 11th,5 Year 9th, 10 Year July 8, 2021
7th,20Y 22nd,15Y 15th and 30 6th 15 - Year 10.50% 4,000.00 10.4000%
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 81,629.20 8.8458%

49th,50th,52nd,53rd,54th,55th - 5 - Year 7.50% 34,893.00 9.1721%
Regular
10 - Year 8.00% 5,187.00 9.8390%
(3 Year Fresh, 5 Year 10th, 10 August 5, 2021
Year 8th,20Y 23rd,15Y 16th and 15 - Year 10.50% 40,000.00 10.4000%
30 Y 7th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 21,568.00 8.8788%

49th,50th,52nd,53rd,54th,55th - 5 - Year 7.50% 24,819.00 9.1602%
Regular
10 - Year 8.00% 36,899.50 9.8230%
(3 Year 1st, 5 Year 11th, 10 Year September 16, 2021
9th,20 Year 24th,15 Year 17th and 15 - Year 10.50% 15,000.00 10.4000%
30 Year 8th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% BIDS REJECTED

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% BIDS REJECTED
Regular (3 Year 2nd, 5 Year 12th,
10 - Year 8.00% BIDS REJECTED
10 Year 10th, 20 Year 25th, 15 October 27, 2021
15 - Year 10.50% BIDS REJECTED
Year 18th and 30 Year 9th
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 25,125.00 11.1552%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 57,760.60 11.4263%
Regular (3Y 3rd, 5Y 13th, 10Y 10 - Year 8.00% 35,500.00 11.7109%
November 29, 2021
11th, 15Y 19th, 20Y 26th and 30Y 15 - Year 10.50% BIDS REJECTED
10th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 39,769.70 11.4618%
55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 109,238.90 11.4616%
Regular (3Y 4th, 5Y 14th, 10Y 10 - Year 8.00% 20,188.10 11.7436%
December 23, 2021
12th, 15Y 20th, 20Y 27th and 30Y 15 - Year 10.50% NO BID RECEIVED
11th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 119,001.60 10.7494%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 44,917.50 10.7994%
Regular (3Y 5th, 5Y 15th, 10Y 10 - Year 8.00% 13,684.50 10.9300%
January 28, 2022
13th, 15Y 21st, 20Y 28th and 30Y 15 - Year 10.50% BIDS REJECTED
12th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 6,221.10 10.6749%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 47,680.00 10.7256%
Regular (3Y 6th, 5Y 16th, 10Y 10 - Year 8.00% 53,019.00 10.8450%
February 17, 2022
14th, 15Y 22nd, 20Y 29th and 15 - Year 10.50% BIDS REJECTED
30Y 13th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 56,898.20 11.7223%

55th, 52nd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 82,631.10 11.6460%
Regular (3Y 7th, 5Y 17th, 10Y 10 - Year 8.00% 60,992.40 11.4990%
March 17, 2022
15th, 15Y 23rd, 20Y 30th and 30Y 15 - Year 10.50% BIDS REJECTED
14th Reopening) 20 - Year 11.00% BIDS REJECTED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 28,232.00 13.2197%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 70,854.80 12.6918%
Regular (3Y 8th, 5Y Fresh, 10Y 10 - Year 8.00% 288,391.30 13.0576%
April 29, 2022
16th, 15Y 24th, 20Y 31st and 30Y 15 - Year 10.50% NO BID RECEIVED
15th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 26,994.70 13.9534%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 70,776.10 13.0407%
Regular (3Y 9th, 5Y 1st, 10Y 17th, 10 - Year 8.00% BIDS REJECTED
May 26, 2022
15Y 25th, 20Y 32nd and 30Y 16th 15 - Year 10.50% BIDS REJECTED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3 - Year 7.00% 10,360.70 13.9550%
55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 112,942.90 13.0731%
Regular (3Y 10th, 5Y 2nd, 10Y 10 - Year 8.00% 49,367.90 13.0325%
June 23, 2022
18th, 15Y 26th, 20Y 33rd and 30Y 15 - Year 10.50% BIDS REJECTED
17th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 7.00% 13,081.20 13.9957%

55th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 132,176.90 13.3364%
Regular (3Y 11th, 5Y 3rd, 10Y 10 - Year 8.00% BIDS REJECTED
July 15, 2022
19th, 15Y 27th, 20Y 34th and 30Y 15 - Year 10.50% BIDS REJECTED
18th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
10.00% 7.50% 8.00% 10.50% 11.00% 11.00%

3 - Year 10.00% 94,828.10 13.8728%

56th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 205,420.60 13.3607%
Regular (3Y Fresh, 5Y 4th, 10Y 10 - Year 8.00% BIDS REJECTED
August 4, 2022
20th, 15Y 28th, 20Y 35th and 30Y 15 - Year 10.50% NO BID RECEIVED
19th Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 34,243.80 13.8936%

56th, 53rd, 53rd, 50th, 49th, 54th - 5 - Year 7.50% 192,990.90 13.3076%
Regular (3Y 1st, 5Y 5th, 10Y 21st, 10 - Year 8.00% 14,294.00 12.9197%
September 15, 2022
15Y 29th, 20Y 36th and 30Y 20th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
10.00% 10.50% 8.00% 10.50% 11.00% 11.00%

3 - Year 10.00% 96,329.90 13.7633%

56th, 54th, 53rd, 50th, 49th, 54th - 5 - Year 10.50% 131,872.60 13.0568%
Regular (3Y 2nd, 5Y Fresh, 10Y 10 - Year 8.00% BIDS REJECTED
October 13, 2022
22nd, 15Y 30th, 20Y 37th and 30Y 15 - Year 10.50% NO BID RECEIVED
21st Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED
 PAKISTAN INVESTMENT BONDS

AUCTION PROFILE
(FACE VALUE)

Auction Settlement Coupon Amount Weighted

Tenor
Date Rate Accepted Average Yield%
(Amount in millions)
Coupon Rate
3-YEAR 5- YEAR 10-YEAR 15-YEAR 20-YEAR 30-YEAR
10.00% 10.50% 11.00% 10.50% 11.00% 11.00%

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 27,344.50 13.3175%
Regular (3Y 3rd, 5Y 1st, 10Y 10 - Year 11.00% BIDS REJECTED
November 30, 2022
Fresh, 15Y 31st, 20Y 38th and 15 - Year 10.50% NO BID RECEIVED
30Y 22nd Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 4th, 5Y 2nd, 10Y 1st, 10 - Year 11.00% BIDS REJECTED
December 22, 2022
15Y 32nd, 20Y 39th and 30Y 23rd 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 5th, 5Y 3rd, 10Y 2nd, 10 - Year 11.00% BIDS REJECTED
January 19, 2023
15Y 33rd, 20Y 40th and 30Y 24th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% BIDS REJECTED

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% BIDS REJECTED
Regular (3Y 6th, 5Y 4th, 10Y 3rd, 10 - Year 11.00% BIDS REJECTED
February 16, 2023
15Y 34th, 20Y 41st and 30Y 25th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED

3 - Year 10.00% 26,000.10 18.0500%

56th, 54th, 54th, 50th, 49th, 54th - 5 - Year 10.50% 350.10 13.4666%
Regular (3Y 7th, 5Y 5th, 10Y 4th, 10 - Year 11.00% BIDS REJECTED
March 16, 2023
15Y 35th, 20Y 42nd and 30Y 26th 15 - Year 10.50% NO BID RECEIVED
Reopening) 20 - Year 11.00% NO BID RECEIVED
30 - Year 11.00% NO BID RECEIVED