SBP raises Rs187bn through floating rate PIBs
MG News | May 27, 2025 at 11:50 PM GMT+05:00
May 27, 2025 (MLN): To manage domestic liquidity and anchor borrowing costs, the State Bank of Pakistan (SBP) raised Rs187.17 billion through an auction of 10-year floating-rate Pakistan Investment Bonds (PIBs) on Tuesday.
Of the total, Rs175bn came from competitive bids, while Rs12.17bn was secured via non-competitive bids. The cut-off price was set at 95.0396.
Investor appetite remained strong, as evidenced by a slightly higher accepted price of 95.1914 for non-competitive bids. Bid prices ranged between 95.4218 and 92.4948.
The settlement for the auction is scheduled for May 29, 2025.
To note, the central bank in the last auction held on May 14, 2025, sold PIBs-PFL worth Rs112.65bn.
The cut-off price stood at 94.4764 for the 10-year bond.
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