PIB Auction Result: SBP Sells PIB's Worth Rs.116.525 Billion in Fixed and Floating Bonds

MG News | August 08, 2018 at 06:47 PM GMT+05:00

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The State Bank of Pakistan conducted auctions for Fixed and Floating Coupon Rate bonds and sold Rs.116.525 Billion in 5 Year Fixed and 10 Year floating bond.

In the fixed rate auction the SBP rejected bids for the 3 year and 10 years bonds, while no bids were made for the 20 year bond. The SBP accepted Rs.15 Billion for 5 years at a cut off yield of 9.25%. Auction Target was Rs.50 Billion

In the Floating rate bond auction the SBP accepted Rs101.525 Billion at a cut off margin at 70 basis points over benchmark. Auction Target was Rs.150 Billion

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