SBP raises Rs235bn via PIBs auction, yields come down by 1-3bps

MG News | September 15, 2022 at 12:37 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 14, 2022 (MLN): The State Bank of Pakistan (SBP) raised Rs235 billion on Wednesday, against the target of Rs175 billion by selling fixed-rate Pakistan Investment Bonds (PIBs).

The cut-off yield for 3-year and 5-year PIBs decreased by 3bps and 1bps to 13.92% and 13.39% respectively.

The Cut-off yields for 10-year PIBs settled at 12.95%. In last auction, central bank rejected the bids for the 10-year bonds.

The highest participation was seen in 5-year bonds as SBP received bids worth Rs333 billion for 5-year, Rs108 billion for 3-year, and Rs109 billion for 10-year. However, no bids were received for 15-year, 20-year and 30-year bonds.

The SBP accepted bid worth Rs28 billion for 3-year papers, Rs193 billion for 5-year papers and Rs14.29 billion for 10-yeat bonds.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,865.04 261.33M	-1.79% -3078.56
ALLSHR	102,295.04 623.57M	-1.94% -2026.36
KSE30	50,247.11 77.48M	-1.81% -925.02
KMI30	239,393.54 89.44M	-2.13% -5220.44
KMIALLSHR	66,134.61 401.13M	-2.11% -1423.05
BKTi	47,147.62 27.12M	-1.68% -806.08
OGTi	34,242.17 7.09M	-2.08% -726.14

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,105.00	78,715.00 77,880.00	-265.00 -0.34%
BRENT CRUDE	101.68	102.72 100.19	0.47 0.46%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.10 1.64%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	0.15 0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	97.09	97.84 95.37	1.04 1.08%
SUGAR #11 WORLD	18.63	18.73 18.30	0.23 1.25%