SBP raises nearly Rs207bn through floating rate PIBs

MG News | June 12, 2025 at 10:07 AM GMT+05:00

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June 12, 2025 (MLN): To manage domestic liquidity and anchor borrowing costs, the State Bank of Pakistan (SBP) raised Rs206.91 billion through an auction of 10-year floating-rate Pakistan Investment Bonds (PIBs) on Wednesday.

Of the total, Rs200bn came from competitive bids, while Rs6.91bn was secured via non-competitive bids. The cut-off price was set at 95.0380.

Investor appetite remained strong, as evidenced by a slightly higher accepted price of 95.1914 for non-competitive bids. Bid prices ranged between 95.446 and 92.4974.

The settlement for the auction is scheduled for June 12, 2025.

To note, the central bank in the last auction held on May 27, 2025, sold PIBs-PFL worth Rs187.17bn.

The cut-off price stood at 95.0396 for the 10-year bond.

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