SBP raises Rs321bn through floating rate PIBs

MG News | April 30, 2025 at 10:10 PM GMT+05:00

0:00

April 30, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs320.66 billion for 5 and 10 years semiannual bonds against a target of Rs150bn.

The cut-off price stood at 96.8667 for 5-year bond, and 93.2123 for the 10-year bond while bids for the 2-year tenor were entirely rejected.

SBP received bids totalling Rs1.537tr.

The total sum raised represents raised through Rs313bn through competitive bids and Rs7.65bn through non-competitive bids.

To note, the central bank in the last auction held on April 16, 2025, sold PIBs-PFL worth Rs260.83bn against a target of Rs400bn.

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.

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