SBP raises Rs651bn through floating rate PIBs

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

Add Mettisglobal as a Trusted Source on Google

0:00

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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,495.00	64,550.00 63,875.00	280.00 0.44%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%