SBP raises Rs651bn through floating rate PIBs

MG News | February 04, 2025 at 08:07 PM GMT+05:00

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February 04, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Tuesday in which it 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.

SBP received total bids worth Rs826.02bn.

The total sum raised represents raised through Rs639.27bn through competitive bids and Rs11.61bn through non-competitive bids.

To note, the central bank in the last auction held on January 22, 2025, raised Rs126.3bn for 2, 5 and 10 years semiannual bonds against a target of Rs150bn.

The cut-off price stood at 100.227 for 2-year PIB-PFL semiannual, 96.7191 for 5-year bond, and 92.8919 for the 10-year bond.

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