PIB Auction Result: SBP Sells PIB’s Worth Rs. 20.825 Billion

The State Bank of Pakistan conducted its first auction for the 10 year Floating Rate Coupon PIB on wedneday in which it accepted bids worth Rs.20.825 billion at a margin of 50 basis points to over Benchmark index.

The SBP had received bids worth Rs. 174.055 Billion with spread ranging from 34 to 125 basis points. The 6 Month T-Bill Weighted Average yield from the last successful auction of May 10, 2018 was 6.3519%