SBP raises just Rs6.35bn through PIB-PFL auction against Rs100bn target

News Image

MG News | February 21, 2024 at 07:13 PM GMT+05:00

0:00

February 21, 2024 (MLN):The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-PFL) semiannual and quarterly worth Rs6.35 billion for 2, 3, 5 and 10 years against a target of Rs100bn.

The cut-off price for the 5-year PIB-PFL semiannual stood at Rs95.8557, while for the 10-year one, it stood at Rs93.6342.

SBP received bids worth Rs251.8bn for PIB-PFL semiannual while no bids were received for PIB-PFL quarterly. Out of these, the central bank accepted Rs6.35bn for the semiannual floaters.

The settlement date for the successful bids is February 22, 2024.

The amount raised through PIB-PFL semiannual comes from the sale of 5-year and 10-year semiannual PIBs worth Rs4.35bn and Rs2.01bn, respectively.

The total sum raised through 5-year and 10-year semiannual bonds represents Rs5.55bn raised by SBP through competitive bids and Rs0.8bn raised through non-competitive bids.

To note, the target for the PIB-PFL semiannual was to raise Rs40bn through the sale of 5-year and 10-year PIB, Rs20bn each.

In the case of PIB-PFL quarterly, it was to raise Rs60bn with the sale of 2-year and 3-year PIB-FRF, Rs30bn each.

To note, the central bank in the last auction held on February 06, 2024 sold PIBs-PFL worth Rs345bn against a target of Rs280bn.

The cut-off price stood at Rs95.8598 and Rs94.0868 for the 5-year and 10-year PIB-PFL semiannual.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,229.45
113.68M
0.21%
289.58
ALLSHR 84,606.59
333.04M
0.01%
6.21
KSE30 41,505.77
41.78M
0.32%
132.09
KMI30 191,045.45
40.50M
-0.01%
-24.52
KMIALLSHR 55,686.79
147.47M
-0.09%
-51.28
BKTi 38,127.79
10.53M
-0.94%
-361.96
OGTi 27,685.32
4.82M
-0.37%
-102.83
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,450.00 118,635.00
117,255.00
1710.00
1.46%
BRENT CRUDE 68.85 69.09
68.81
0.14
0.20%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.76 67.01
66.73
0.24
0.36%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 16, 2025 at 12:35 PM GMT+05:00

ISL Cement sector eyes 19% YoY jump in 4QFY25 earnings


July 16, 2025 at 12:25 PM GMT+05:00

Fertilizer offtake jumps 11% YoY in June 2025


July 16, 2025 at 12:07 PM GMT+05:00

Pakistan removed from the UK’s Air Safety List


July 16, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 77.2 in open market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg