Auction Result: SBP Sells PIBs worth Rs.65 Billion

MG News | August 12, 2020 at 11:10 PM GMT+05:00

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August 12, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which is sold floating rate PIBs worth Rs.65.079 billion for 3 and 5 years.

The SBP received bids worth Rs.221.925 Billion against an auction target of Rs.120 billion.

Out of the received bids, Rs.116.175 billion was for 3 years, Rs.60.75 billion was for 5 years and Rs.45 billion was for 10 years.

The SBP accepted bids worth Rs.49.575 billion for 3 years and Rs.10 billion for 5 years while all bids for 10 years was rejected.

In addition SBP accepted Rs.5.504 billion in non-competitive bids and through short selling making the total accepted amount Rs.65.079 billion.

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