SBP raises Rs529bn through floating rate PIBs

By MG News | October 30, 2024 at 09:02 PM GMT+05:00

0:00

October 30, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs529.46 billion for 5 and 10 years semiannual bonds against a target of Rs500bn.

The cut-off price stood at 96.9831 for 5-year bond and 93.4988 for the 10-year bond, while bids were rejected for 2-year bonds.

SBP received bids totaling Rs963.77bn.

The total sum raised represents raised through Rs514.3bn through competitive bids and Rs15.16bn through non-competitive bids.

To note, the central bank in the last auction held on October 16, 2024 sold PIBs-PFL worth Rs409bn 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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	121,415.14 35.33M	0.79% 949.20
ALLSHR	75,940.28 224.19M	0.80% 600.47
KSE30	36,843.99 17.39M	0.93% 337.87
KMI30	179,795.57 20.50M	1.08% 1924.10
KMIALLSHR	52,163.64 122.54M	0.98% 506.42
BKTi	30,338.57 3.77M	1.08% 323.65
OGTi	27,298.51 3.59M	1.11% 299.54

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,040.00	105,345.00 104,590.00	1075.00 1.03%
BRENT CRUDE	76.77	77.16 75.67	0.07 0.09%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.60 -3.93%
ROTTERDAM COAL MONTHLY	103.85	104.20 103.85	-0.25 -0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	73.68	74.05 72.63	0.18 0.24%
SUGAR #11 WORLD	16.35	16.56 16.20	-0.16 -0.97%