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

MG News | February 21, 2024 at 07:13 PM GMT+05:00
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 | 138,412.25 167.69M | 0.32% 447.43 |
ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
BKTi | 37,831.34 13.04M | 1.62% 603.62 |
OGTi | 27,440.63 3.93M | -0.09% -23.70 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 117,260.00 | 119,740.00 116,460.00 | -1035.00 -0.87% |
BRENT CRUDE | 73.37 | 73.63 71.75 | 0.86 1.19% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 70.21 | 70.51 68.45 | 1.00 1.44% |
SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|