SBP raises Rs261bn through floating rate PIBs

MG News | April 16, 2025 at 08:15 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

April 16, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds (PIBs) on Wednesday, in which it raised Rs260.83 billion through the sale of 5-year and 10-year semiannual bonds, falling short of the Rs400bn target.

The central bank received total bids amounting to Rs1.59 trillion; however, it accepted Rs247bn through competitive bids and Rs13.83bn through non-competitive bids.

The cut-off price for the 5-year bond was set at 96.7551, while the 10-year bond was sold at a cut-off price of 92.7458.

Bids for the 2-year tenor were entirely rejected.

To note, the central bank in the last auction held on March 26, 2025, sold PIBs-PFL worth Rs980.51bn against a target of Rs450bn.

SBP received bid submissions totaling Rs1.31 trillion across various tenors. However, it rejected all bids for the 2-year PIB-PFL (semiannual), while the cut-off price stood at 96.8291 for the 5-year bond and 92.6071 for the 10-year bond.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,765.22 212.46M	0.16% 266.28
ALLSHR	103,241.06 481.66M	0.13% 137.96
KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
KMIALLSHR	66,928.26 309.74M	0.08% 55.24
BKTi	47,274.31 12.11M	0.30% 141.41
OGTi	35,009.43 4.22M	0.13% 46.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,915.00	85,730.00 84,230.00	5.00 0.01%
BRENT CRUDE	104.89	106.40 104.34	-1.71 -1.60%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.50 5.26%
ROTTERDAM COAL MONTHLY	137.10	0.00 0.00	-0.80 -0.58%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	92.63	94.75 92.04	-1.98 -2.09%
SUGAR #11 WORLD	18.61	18.75 18.43	0.00 0.00%