SBP raises Rs420.71bn through PIB auction

MG News | January 15, 2025 at 09:11 PM GMT+05:00

0:00

January 15, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bonds (PIBs) worth Rs420.71 billion against the target of Rs350bn.

Cut off yields stood at 11.94% (-56bps) for 2-year, 11.89% (-60bps) for 3-year, 12.40% (-19bps) for 5-year, and 12.80% (+1bps) for 10-year bond.

Total amount offered was Rs1.56 trillion out of which the SBP accepted Rs420.71bn.

The SBP received bids worth Rs716.07bn for 2-year, Rs400.5bn for 3-year, Rs378.42bn for 5-year, and Rs56.21bn for 10-year, out of which it accepted Rs143.13bn for 2-year, Rs75bn for 3-year, Rs107.02bn for 5-year, and Rs13.71bn for 10-year.

In addition, the SBP picked up Rs45.85bn from the non-competitive auction and Rs36bn from short-selling, making the total amount accepted Rs420.71bn.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	0.00 0.00	-510.00 -0.47%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	0.00 0.00	0.00 0.00%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%