PIB Auction Result: SBP Sells PIB’s Worth Rs.227.98 Billion

MG News | April 18, 2019 at 12:10 AM GMT+05:00

0:00

April 17, 2019 (MLN): The State Bank of Pakistan conducted an auction on Wednesday in which it sold Pakistan Investment bonds worth Rs.227.98 Billion for 3 Years (Fixed Rate) and 10 Years (Floating Rate).

In the fixed rate auction, the SBP picked up Rs.162.664 Billion for 3 years at a cut-off yield of 12.20 percent, while the bids for 5 and 10 year PIB’s were rejected.

In the floating rate auction, the SBP accepted bids worth Rs.65.325 Billion for 10 years at a cut off margin of 70 basis points over the Benchmark.

Earlier, for the fixed rate bonds, the SBP had received bids worth Rs.559.383 Billon for 3, 5 and 10 years while no bids were made for the 20 year PIB.

The SBP had received bids worth Rs.104.25 Billion for the 10 year Floating Bond.

Combined auction target was Rs.200 Billion divided evenly in fixed and floating rate bonds.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%