SBP raises Rs218bn through floating rate PIBs

MG News | September 04, 2024 at 07:14 PM GMT+05:00

0:00

September 04, 2024 (MLN):The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold floating rate Pakistan Investment Bonds worth Rs218.45 billion for 5 and 10 years semiannual bonds against a target of Rs400bn.

The cut-off price for the 5-year PIB-PFL semiannual stood at Rs96.4698, while for the 10-year bond, it stood at Rs94.0192.

SBP received bids worth Rs823.9bn for PIB-PFL semiannual.

The settlement date for the successful bids is September 05, 2024.

The amount raised through PIB-PFL semiannual comes from the sale of 5-year and 10-year semiannual PIBs worth Rs188bn and Rs30.45bn, respectively.

The total sum raised through 5-year and 10-year semiannual bonds represents Rs210.45bn raised by SBP through competitive bids and Rs8bn raised through non-competitive bids.

The target for the PIB-PFL semiannual was to raise Rs200bn through the sale of 5-year and Rs200bn through 10-year PIB.

To note, the central bank in the last auction held on August 21, 2024 sold PIBs-PFL worth Rs202bn against a target of Rs360bn.

The cut-off price stood at 96.7385 and 94.5568 for the 5-year and 10-year PIB-PFL semiannual bonds.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,057.83 215.80M	0.48% 883.35
ALLSHR	111,198.99 737.64M	0.43% 473.52
KSE30	56,808.99 106.85M	0.61% 346.11
KMI30	262,806.58 83.35M	0.67% 1756.35
KMIALLSHR	71,591.94 246.19M	0.51% 360.96
BKTi	53,634.85 44.18M	0.76% 405.81
OGTi	38,885.41 12.11M	0.76% 294.99

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,115.00	79,325.00 74,785.00	-4990.00 -5.93%
BRENT CRUDE	66.14	68.83 65.45	-3.18 -4.59%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-0.90 -0.99%
ROTTERDAM COAL MONTHLY	102.00	102.00 100.25	-1.40 -1.35%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	62.07	64.74 61.39	-3.14 -4.82%
SUGAR #11 WORLD	14.30	14.35 14.13	0.03 0.21%