February 3, 2021 (MLN): The State Bank of Pakistan conducted an auction on Wednesday in which it sold fixed rate PIBs worth Rs.62.137 billion against an auction target of Rs.100 billion.

The SBP sold Rs.10.45 billion for 3 years, Rs.21.047 billion for 5 years, Rs.27.08 billion for 10 years and Rs.1.50 billion for 20 years.

SBP received bids worth Rs.257.192 billion, however none were for 15 and 30 year PIBs

In addition the SBP picked up Rs.2.06 billion through non-competitive bids and short selling making the total accepted amount Rs.62.137 billion.

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