SBP raises around Rs793bn in PIB Auction

November 05, 2025 (MLN): The State Bank of Pakistan (SBP) has raised Rs792.65 billion through its latest Pakistan Investment Bonds (PIBs) auction held on November 5, 2025, with settlement on November 6.

The central bank accepted the full Rs792.65 billion in face value from total bids of Rs1.43 trillion received across five different tenors, representing an acceptance rate of approximately 55%.

The total acceptance comprised Rs771.92bn in competitive bids, Rs13.23bn in non-competitive bids, and Rs7.50bn through short selling arrangements.

The 15-year zero-coupon bonds dominated the auction with Rs340.01bn in accepted bids (including Rs340bn competitive, Rs10.6 million non-competitive), followed by 10-year bonds at Rs146.55bn (Rs144.47bn competitive, Rs2.08bn non-competitive).

The 3-year tenor saw acceptance of Rs144.84bn (Rs137.15bn competitive, Rs2.69bn non-competitive, Rs5bn short selling).

The 5-year bonds attracted Rs97.48bn (Rs90.70bn competitive, Rs6.7bn non-competitive), while 2-year zero-coupon bonds accounted for Rs63.78bn (Rs59.60bn competitive, Rs1.68bn non-competitive, Rs2.50bn short selling).

The total realized amount, including accrued interest, stood at Rs488.77bn.

Yields remained elevated across all maturities. The weighted average yields ranged from 11.45% for 2-year bonds to 12.25% for 15-year bonds, with the 10-year benchmark yielding 11.93%.

Copyright Mettis Link News