SBP raises Rs208bn through floating rate PIBs

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MG News | July 10, 2025 at 09:52 AM GMT+05:00

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July 10, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds (PIBs) on Wednesday, in which it raised Rs208.4 billion through the sale of 10-year semiannual bonds, falling short of the Rs400bn target.

The central bank accepted Rs202bn in competitive bids at a cut-off price of 94.5739, translating into a total realized amount of Rs191.44bn. Additionally, it picked up Rs6.42bn via non-competitive bids, taking total acceptance to Rs208.42bn.

The auction attracted bids totaling Rs767bn, indicating robust demand. The price range of bids spanned from 92.8740 to 95.3832.

The settlement for the bonds is scheduled for July 10.

The issuance came as the government looks to lock in long-term funding while market appetite remains solid for sovereign papers amid a stabilizing macro backdrop.

Copyright Mettis Link News

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