SBP raises R496.37bn through PIB-PFL auction

MG News | November 15, 2023 at 09:12 PM GMT+05:00
November 15, 2023 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bond – Floating Rate (PIB-FRR) semiannual and quarterly worth Rs496.37 billion for 2, 3, 5 and 10 years against a target of Rs280bn.
SBP received bids worth Rs946.57bn for PIB-FRR semiannual and Rs231bn for PIB-FRR quarterly, out of which the central bank accepted Rs432.44bn and Rs63.926bn respectively.
The central bank picked up Rs3bn through the sale of 2 years and Rs60.93bn through the sale of 3-year quarterly PIB-FRR quarterly.
The total amount of Rs63.926bn raised through PIB-FRR quarterly includes Rs60bn raised through competitive bids and the remaining Rs3.926bn through non-competitive bids.
Additionally, Rs285.568bn was raised through the 5-year PIB-FRR semiannual, while Rs146.876bn was raised through the 10-year semiannual bond.
The total sum raised through 5-year and 10-year semiannual bonds represents Rs408.479bn raised by SBP through competitive bids and the remaining Rs23.965bn raised through non-competitive bids.
The cut-off price for the 2-year and 3-year PIB-FRR quarterly was Rs99.0041 and Rs98.0138 respectively.
While for the PIB-FRR semiannual, the cutoff was Rs96.9149 for the 5-year bond and for the 10-year one it stood at Rs94.3547
The settlement date for the successful bids is November 16, 2023.
To note, the target for the PIB-FRR semiannual was to raise Rs120bn through the sale of 5-year and 10-year PIB, Rs60bn each.
In the case of PIB-FRR quarterly, it was to raise Rs160bn with the sale of 2-year and 3-year PIB-FRF, Rs80bn each.
The central bank, in the last auction held on November 01 sold PIBs-FRR worth Rs341.276bn for 2, 3, 5 and 10 years against a target of Rs280bn.
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 | 118,805.00 | 119,740.00 118,145.00 | 510.00 0.43% |
BRENT CRUDE | 73.21 | 73.21 71.75 | 0.70 0.97% |
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 | 70.01 | 70.04 68.45 | 0.80 1.16% |
SUGAR #11 WORLD | 16.49 | 16.58 16.37 | -0.10 -0.60% |
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 |
---|