SBP raises Rs431bn through PIB auction

By MG News | February 19, 2025 at 09:14 PM GMT+05:00

0:00

February 19, 2025 (MLN): The State Bank of Pakistan (SBP) auctioned floating-rate Pakistan Investment Bonds on Wednesday, raising Rs431.3 billion through 5-year and 10-year semiannual bonds against a target of Rs350 billion.

However, bids for the 2-year semiannual bonds were rejected.

The cut-off price stood at 96.7713 for 5-year bond, and 92.9053 for a 10-year bond.

SBP received bids totalling Rs914.35bn.

The total sum raised represents raised through Rs427.26bn through competitive bids and Rs4.04bn through non-competitive bids.

To note, the central bank in the last auction held on February 04, 2025, sold almost Rs651 billion for 2, 5 and 10 years semiannual bonds against a target of Rs350bn.

The cut-off price stood at 100.1417 for 2-year PIB-PFL semiannual, 96.7267 for 5-year bond, and 92.8944 for the 10-year bond.

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