SBP accepts Rs117bn in PFL buyback auction

March 05, 2025 (MLN):  The State Bank of Pakistan (SBP) has accepted Rs117.1 billion through its buyback auction today, for 2-year, 3-year, and 5-year Floating Rate Pakistan Investment Bonds (PFL), with a settlement date of March 7, 2025.

Out of the total Rs334.23bn worth of bids received, Rs117.1bn were accepted across 2-year and 3-year tenors, while all 5-year bids were rejected.

The 2-year bonds saw Rs45.25bn accepted at a cut-off price of 99.9475, while the 3-year bonds attracted Rs71.85bn, including non-competitive bids, at a cut-off price of 99.9804.

On the same day, the Central Bank conducted an auction for floating rate Pakistan Investment Bonds in which it sold Rs629.26bn for 2, 5 and 10 years semiannual bonds against a target of Rs325bn.

SBP also raised Rs568.72bn through the Market Treasury Bills (MTBs) auction against the target of Rs700bn while the maturity amount was Rs946bn.

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