SBP raises Rs540bn through floating rate PIBs

MG News | November 13, 2024 at 09:36 PM GMT+05:00

0:00

November 13, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs540.03 billion for 5 and 10 years semiannual bonds against a target of Rs300bn.

The cut-off price stood at 96.6861 for 5-year bond and 92.4045 for the 10-year bond, while bids were rejected for 2-year bonds.

That is an annual yield of about 14.29% for the 5-year bond and 14.82% for the 10-year bond, if held till maturity.

While it is a current yield of about 13.80% for the 5-year bond and 14.44% for the 10-year bond.

SBP received bids totalling Rs709.39bn.

The total sum raised represents raised through Rs530.22bn through competitive bids and Rs9.81bn through non-competitive bids.

To note, the central bank in the last auction held on October 30, 2024 sold PIBs-PFL worth Rs529bn 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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	165,411.08 258.66M	-0.24% -399.93
ALLSHR	98,461.10 518.47M	-0.23% -228.90
KSE30	50,174.47 150.36M	-0.29% -145.92
KMI30	241,203.17 126.56M	-0.66% -1600.49
KMIALLSHR	64,504.65 247.23M	-0.50% -324.35
BKTi	45,688.07 49.64M	0.20% 89.28
OGTi	34,330.72 9.57M	-2.05% -716.81

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,110.00	71,740.00 70,650.00	-365.00 -0.51%
BRENT CRUDE	96.94	97.96 96.30	2.19 2.31%
RICHARDS BAY COAL MONTHLY	105.40	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	107.70	108.15 107.50	-5.10 -4.52%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	97.54	98.38 96.25	3.13 3.32%
SUGAR #11 WORLD	14.26	14.51 14.19	-0.32 -2.19%