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PIB Auction Result: SBP sells Fixed and Floating Rate PIBs worth Rs.301.877 Billion

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February 20, 2019 (MLN): The State Bank of Pakistan conducted an auction on Wednesday in which it sold Rs.301.877 Billion in PIBs for 3, 5 and 10 years. Out of the amount Rs.221.602 Billion was picked up in the fixed income bonds while Rs.80.275 Billion was picked up in the 10 year Floating Rate bond.

The cut off yield for the fixed income auction was 12.15% for 3Y, 12.4999% for 5Y and 12.85% for the 10Y Bonds.

The Floating rate bond was accepted at 70 bps spread over the last 6 Month T-Bill auction.

The amounts do not include the non-competitive auction results, which the SBP will announce later.

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Posted on: 2019-02-20T20:45:00+05:00

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