SBP raises Rs155bn through PIB auction

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

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	131,029.08 14.11M	0.26% 342.43
ALLSHR	81,547.56 85.43M	0.30% 242.30
KSE30	40,032.62 7.71M	0.22% 87.17
KMI30	190,912.12 8.06M	0.11% 214.07
KMIALLSHR	55,182.29 40.91M	0.20% 108.14
BKTi	34,873.04 0.94M	0.88% 304.64
OGTi	28,633.42 0.72M	-0.37% -105.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,945.00	110,525.00 109,735.00	-470.00 -0.43%
BRENT CRUDE	68.56	68.89 68.42	-0.24 -0.35%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.85	67.18 66.72	-0.15 -0.22%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%