SBP raises Rs126.3bn through floating rate PIBs

MG News | January 22, 2025 at 09:59 PM GMT+05:00

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January 22, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs126.3 billion for 2, 5 and 10 years semiannual bonds against a target of Rs150bn.

The cut-off price stood at 100.227 for 2-year PIB-PFL semiannual, 96.7191 for 5-year bond, and 92.8919 for the 10-year bond.

SBP received bids totalling Rs524.15bn.

The total sum raised represents raised through Rs118.5bn through competitive bids and Rs7.8bn through non-competitive bids.

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