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

By MG News | May 30, 2018 at 06:05 PM GMT+05:00

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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%

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