SBP raises Rs476bn through PIB auction

February 12, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Wednesday in which it sold Pakistan Investment Bonds (PIBs) worth Rs476.36 billion against the target of Rs350bn. 

Cut-off yields stood at 11.69% (-25bps) for 2-year, 11.89% (0bps) for 3-year, 12.39% (-1bps) for 5-year, and 12.79% (-1bps) for 10-year bond.

The total amount offered was Rs910.67bn out of which the SBP accepted Rs476.36bn.

The SBP received bids worth Rs233.54bn for 2-year, Rs44.55bn for 3-year, Rs392.55bn for 5-year, and Rs175.03bn for 10-year, out of which it accepted Rs51.25bn for 2-year, Rs5.55bn for 3-year, Rs223.25bn for 5-year, and Rs128.53bn for 1- year

In addition, the SBP picked up Rs45.53bn from the non-competitive auction and Rs22.25bn from short-selling, making the total amount accepted Rs476.36bn.

To note, the central bank in the last auction held on January 15 2025, sold PIBs worth Rs420.71bn against the target of Rs350bn. 

Cut off yields stood at 11.94% for 2-year, 11.89% for 3-year, 12.40% for 5-year, and 12.80% for 10-year bond.

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