SBP raises Rs732.5bn through floating rate PIBs

MG News | December 24, 2024 at 08:20 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 24, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Tuesday in which it sold Rs732.53 billion for 2, 5 and 10 years semiannual bonds against a target of Rs650bn.

The cut-off price stood at 96.6491 for 5-year bond, and 92.3971 for the 10-year bond.

The total sum raised represents raised through Rs723.01bn through competitive bids and Rs9.52bn through non-competitive bids.

To note, the central bank in the last auction held on December 11, 2024, sold PIBs-PFL worth Rs788.14bn against a target of Rs700bn.

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.

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	64,825.00	64,825.00 63,875.00	610.00 0.95%
BRENT CRUDE	98.70	0.00 0.00	1.92 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	0.00 0.00	1.16 1.30%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%