SBP raises Rs155bn through PIB auction

MG News | June 22, 2022 at 11:59 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 22, 2022 (MLN): The State Bank of Pakistan (SBP) raised Rs155 billion on Wednesday, against the target of Rs150bn by selling fixed-rate Pakistan Investment Bonds (PIBs).

The cut-off yield for 3-year and 5-year PIBs dropped by 3bps and 1bps to 13.97% and 13.18, respectively. On the other hand, the cut-off yield for 10-year witnessed no change as it stood at 13.15%.

Against the auction target of Rs150bn, SBP received total bids of Rs544.55bn.

SBP received bids worth Rs108.78n for 3-years, Rs225.62bn for 5-years, Rs190.39bn for 10-years, and Rs19.77bn for 15-year PIBs. However, no bids were received for 20-year and 30-year bonds.

The SBP accepted Rs8bn, Rs101.23bn, and Rs45.76bn for 3-year, 5-year, and 10-year PIBs, respectively while the central bank rejected the bids for the 15-year bonds.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,161.32 178.33M	0.44% 759.24
ALLSHR	104,188.81 599.02M	0.41% 426.07
KSE30	51,240.60 63.92M	0.47% 242.03
KMI30	246,474.78 93.88M	0.74% 1809.60
KMIALLSHR	67,603.95 397.68M	0.47% 313.01
BKTi	47,610.86 8.86M	0.28% 131.64
OGTi	35,292.89 3.56M	0.41% 143.80

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,030.00	87,350.00 85,770.00	-260.00 -0.30%
BRENT CRUDE	99.20	100.00 97.91	-0.05 -0.05%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.90 5.61%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	89.80	90.52 88.71	-0.72 -0.80%
SUGAR #11 WORLD	18.33	18.58 18.26	-0.23 -1.24%