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	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,300.00	76,580.00 75,040.00	135.00 0.18%
BRENT CRUDE	105.54	108.59 104.00	-3.21 -2.95%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	4.60 3.67%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	102.12	105.63 100.97	-3.71 -3.51%
SUGAR #11 WORLD	18.01	18.18 17.68	0.07 0.39%