SBP raises around Rs551bn in PIB Auction

February 06, 2026 (MLN): The State Bank of Pakistan (SBP) on Thursday raised Rs550.97 billion through the auction of Pakistan Investment Bonds (PIBs – Fixed Rate), with settlement scheduled for February 9.

In today's auction, total bids received stood at Rs1.745 trillion on a face value basis, highlighting robust demand across all offered tenors.

The highest interest was seen in the 15-year zero-coupon PIB, which attracted bids worth Rs811.50bn, followed by the 5-year PIB with bids of Rs364.35bn and the 3-year PIB with Rs295.98bn.

Meanwhile, bids for the 2-year zero-coupon and 10-year PIBs amounted to Rs140.0bn and Rs132.75bn, respectively.

On the acceptance side, the central bank accepted Rs501.35bn through competitive bidding, while total acceptance, including non-competitive bids and short selling, reached Rs550.97bn on a face value basis.

The highest acceptance was recorded in the 5-year PIB, where total acceptance stood at Rs217.77bn, followed by the 3-year PIB with Rs170.30bn.

Acceptance for the 10-year PIB came in at Rs61.65bn, while the 15-year zero-coupon PIB saw acceptance of Rs53.0bn. The 2-year zero-coupon PIB recorded total acceptance of Rs48.26bn.

The auction results showed a varied yield outcome across maturities. The 2-year zero-coupon PIB was cut off at a price of 82.6944, translating into a cut-off yield of 10.3380%.

For the 3-year PIB, the cut-off price was set at 99.9875, with a corresponding yield of 10.2489%. The 5-year PIB cleared at a cut-off price of 99.0459, yielding 10.7500%.

At the longer end, the 10-year PIB was cut off at a price of 98.5736, resulting in a yield of 11.2390%, while the 15-year zero-coupon PIB cleared at a cut-off price of 19.6846, offering a cut-off yield of 11.4998%.

Copyright Mettis Link News