SBP raises Rs409bn through floating rate PIBs

MG News | October 16, 2024 at 06:35 PM GMT+05:00

0:00

October 16, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs408.91 billion for 2, 5 and 10 years semiannual bonds against a target of Rs450bn.

The cut-off price stood at 99.6532 for 2-year PIB-PFL semiannual, 96.8222 for 5-year bond, and 93.5065 for the 10-year bond.

SBP received bids totalling Rs808.15bn.

The total sum raised represents Rs392.9bn raised through competitive bids and Rs16.01bn through non-competitive bids.

To note, the central bank in the last auction held on October 02, 2024 sold PIBs-PFL worth Rs304bn against a target of Rs400bn.

The cut-off price stood at 99.6667 for 2-year PIB-PFL semiannual, 96.8269 for 5-year bond, and 93.5176 for the 10-year bond.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	174,453.94 378.71M	-2.87% -5149.79
ALLSHR	104,971.25 768.15M	-2.82% -3049.94
KSE30	53,198.53 164.55M	-2.97% -1629.79
KMI30	246,378.79 122.98M	-2.77% -7017.29
KMIALLSHR	67,606.67 353.71M	-2.49% -1723.51
BKTi	49,956.50 81.12M	-3.77% -1956.89
OGTi	34,148.45 27.47M	-2.58% -904.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,720.00	70,170.00 67,325.00	-1115.00 -1.62%
BRENT CRUDE	68.43	68.58 67.32	0.68 1.00%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-2.25 -2.29%
ROTTERDAM COAL MONTHLY	105.05	105.05 105.05	0.20 0.19%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.59	63.73 62.49	0.70 1.11%
SUGAR #11 WORLD	13.55	13.57 13.42	0.07 0.52%