ISLAMABAD, June 14: The State Bank of Pakistan said on Saturday it planned to raise Rs20 billion through an auction of long-term government bonds this month.

The SBP said in a statement it planned to reopen an Aug 22, 2007 issue of 3-, 5-, and 10-year Pakistan Investment Bonds (PIBs) on June 28.

It would also re-open an Oct 31, 2006, issue of 15- and 20-year PIBs, in addition to reopening a Dec 22, 2006, issue of the 30-year bond.

Settlement will be on June 30.

The 3-, 5-, 10-, 15- and 20-year PIBs will carry annual coupons of 9.1, 9.3, 9.6, 10 and 10.5 per cent, respectively, while the 30-year paper carries a coupon of 11 per cent.—Reuters