SBP buys back Rs279bn in MTBs
MG News | May 20, 2026 at 09:02 PM GMT+05:00
May 20, 2026 (MLN): The State Bank of Pakistan (SBP)
conducted a buyback auction for Government of Pakistan Market Treasury Bills
(MTBs), with a settlement date of May 21, 2026.
The central bank successfully bought back a total of
Rs279.143bn in face value terms to retire government debt ahead of maturity.
Market Treasury Bills (MTBs) Buyback
Tenders for the buyback of 6-Month and 12-Month MTBs both carrying a maturity date of May 29, 2026 were invited by the State Bank of Pakistan
through Primary Dealers.
Total face value bids received for the buyback amounted to
Rs288.394bn. The 12-Month tenor saw the vast majority of the offers at
Rs287.562bn, while the 6-Month tenor received bids worth Rs0.832bn.
Of the total amount bought back, Rs271.190bn was accepted
through competitive bids. The SBP accepted Rs270.358bn for the 12-Month tenor
and Rs0.832bn for the 6-Month tenor. The central bank set a uniform cut-off
yield of 11.5495% for both tenors.
Competitive Bids — MTBs Buyback
|
Tenor |
Maturity Date |
Face Value Accepted (Rs bn) |
Cut-off Yield |
Wtd Avg Yield |
|
06-Month |
29-May-26 |
0.832 |
11.5495% |
11.6235% |
|
12-Month |
29-May-26 |
270.358 |
11.5495% |
11.6408% |
|
Total |
271.190 |
An additional Rs7.953bn was accepted through non-competitive
bids comprising Rs6.875bn in the 12-Month tenor and Rs1.078bn in the 6-Month
tenor.
Non-Competitive Bids — MTBs Buyback
|
Tenor |
Maturity Date |
Face Value Accepted (Rs bn) |
Price |
|
06-Month |
29-May-26 |
1.078 |
99.7459 |
|
12-Month |
29-May-26 |
6.875 |
99.7455 |
|
Total |
7.953 |
The grand total retired through the MTBs buyback auction,
inclusive of both competitive and non-competitive bids, stood at Rs279.143bn in
face value terms.
Total Acceptance (Competitive + Non-Competitive) — MTBs
Buyback
|
Tenor |
Maturity Date |
Face Value Accepted (Rs bn) |
|
06-Month |
29-May-26 |
1.910 |
|
12-Month |
29-May-26 |
277.233 |
|
Total |
279.143 |
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