PIB Auction Result: SBP Sells PIBs worth Rs.3.38 Billion
MG News | June 12, 2018 at 03:01 PM GMT+05:00
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The State Bank of Pakistan conducted an auction on Tuesday in which it sold PIB's worth Rs. 3.380 Billion for 3, 5 and 10 year. The SBP received no bids for the 20 Year PIB.
Cut off yields were up 30 bps for 3y, 45 bps for 5y and 21bps for the 10 Year PIB.
| Tenor | Amount* | Cut Off |
|---|---|---|
| 3Y | 2,536.40 | 7.5000 |
| 5Y | 250.00 | 8.4795 |
| 10Y | 594.20 | 8.6999 |
| 20Y | - | - |
| Total | 3,380.600 |
* Amount in Rs. Million
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