SBP invites bids for Rs400bn PFL buyback auction

MG News | February 27, 2025 at 08:11 PM GMT+05:00

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February 27, 2025 (MLN): The State Bank of Pakistan (SBP) has invited bids for the buyback auction of Pakistan Investment Bond Floating Rate (PFL) through Bloomberg, according to a notification from the Domestic Markets & Monetary Management Department.

The buyback auctions are scheduled for March 5 and March 19, 2025, with respective settlement dates on March 7 and March 21, 2025.

The SBP has set a total auction target of Rs400 billion, with specific allocations across different PFL securities.

Buyback Securities Details

No	Security Type	Issue Date	Maturity Date	Auction Target (PKR Billion)
1	PFL-Quarterly (Fortnightly Reset)	April 6, 2023	April 6, 2025	75.00
2	PFL-Quarterly	April 7, 2022	April 7, 2025	75.00
3	PFL-Semi Annual	June 18, 2020	June 18, 2025	50.00

The SBP reserves the right to reject bids without assigning any reason.

This initiative is part of the central bank’s ongoing liquidity management efforts in the domestic market.

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