SBP raises Rs629bn through PIB auction
MG News | March 05, 2025 at 08:03 PM GMT+05:00
March 05, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs629.26 billion for 2, 5 and 10 years semiannual bonds against a target of Rs325bn.
The cut-off price stood at 0 for the 2-year PIB-PFL semiannual, 96.9755 for a 5-year bond, and 93.1094 for the 10-year bond.
SBP received bids amounting to Rs970bn.
The total sum raised represents raised through Rs620bn through competitive bids and Rs9.26bn through non-competitive bids.
To note, the central bank in the last auction held on February 19, 2025, sold PIBs-PFL worth Rs431.3bn against a target of Rs350bn.
The cut-off price stood at 96.7713 for a 5-year bond, and 92.9053 for a 10-year bond.
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