SBP raises Rs15.82bn through PIB auction

March 12, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bonds (PIBs) worth Rs15.82 billion against the target of Rs350bn. 

Bids for the 2-year and 3-year bonds were rejected. The cut-off yield for 10-year was unchanged while the 5-year yield came down by 1 basis point.

A total of Rs476.31bn was offered, out of which the SBP accepted Rs15.82bn.

The SBP received bids worth Rs115.5bn for the 2-year bond, Rs117.51bn for the 3-year bond, Rs149.8bn for the 5-year bond, and Rs78.5bn for the 10-year bond. Out of these, Rs500 million was accepted for the 5-year bond and Rs9bn for the 10-year bond.

Additionally, the SBP secured Rs6.32bn from the non-competitive auction, bringing the total accepted amount to Rs15.82bn.

To note, the central bank in the last auction held on February 12, 2025, sold PIBs worth RsRs476.36bn.

Cut-off yields stood at 11.69% for 2-year, 11.89% for 3-year, 12.39% for 5-year, and 12.79% for 10-year bond.

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