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Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PIB Auction Result: SBP Sells PIBs worth Rs.3.38 Billion

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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.  
 

Summary of Auction Result

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

Posted on: 2018-06-12T15:01:00+05:00