Auction Result: SBP sells PIBs worth Rs.35.33 billion

By MG News | January 06, 2021 at 10:50 PM GMT+05:00

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January 6, 2021 (MLN): The State Bank of Pakistan conducted an auction on Wednesday in which it sold fixed rate PIBs worth Rs.35.33 billion against an auction target of Rs.100 billion.

Bids for 15, 20 and 30 year bonds were rejected while the SBP picked up Rs.8.45 billion, Rs.20.5 billion and Rs.6 billion for 3, 5 and 10 years.

The SBP had received bids worth Rs.48.95 billion.

In addition the SBP picked up Rs.380 million through non-competitive bids making the total accepted amount Rs.35.33 billion.

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