SBP raises Rs113bn through floating rate PIBs

MG News | May 14, 2025 at 09:45 PM GMT+05:00

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May 14, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs112.65 billion for 10-year semiannual bonds against a target of Rs200bn.

The cut-off price stood at 94.4764 for the 10-year bond.

SBP received bids totalling Rs2.24tr.

The total sum raised represents Rs100bn through competitive bids and Rs12.65bn through non-competitive bids.

To note, the central bank in the last auction held on April 30, 2025, sold PIBs-PFL worth Rs320.66bn against a target of Rs150bn.

The cut-off price stood at 96.8667 for a 5-year bond, and 93.2123 for the 10-year bond, while bids for the 2-year tenor were entirely rejected.

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