SBP raises Rs155bn through floating rate PIBs

MG News | June 26, 2025 at 12:09 AM GMT+05:00

0:00

June 25, 2025 (MLN): To manage domestic liquidity and anchor borrowing costs, the State Bank of Pakistan (SBP) raised Rs155.5 billion through an auction of 10-year floating-rate Pakistan Investment Bonds (PIBs) on Wednesday.

Of the total, Rs150bn came from competitive bids, while Rs5.5bn was secured via non-competitive bids. The cut-off price was set at 95.1982.

Investor appetite remained strong, as evidenced by a slightly higher accepted price of 95.1914 for non-competitive bids. Bid prices ranged between 95.1982 and 92.5021.

The settlement for the auction is scheduled for June 26, 2025.

To note, the central bank in the last auction held on June 12, 2025, sold PIBs-PFL worth Rs206.91bn.

The cut-off price stood at 95.0380 for the 10-year bond.

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