SBP raises Rs762bn through floating rate PIBs

MG News | March 19, 2025 at 07:53 PM GMT+05:00

0:00

March 19, 2025 (MLN): The State Bank of Pakistan (SBP) conducted an auction for floating rate Pakistan Investment Bonds on Wednesday in which it sold Rs762.33 billion for 2, 5 and 10 years semiannual bonds against a target of Rs425bn.

SBP received bid submissions totaling Rs1.32 trillion across various tenors. However, it rejected all bids for the 2-year PIB-PFL (semiannual), while the cut-off prices for the accepted tenors stood at 97.0481 for the 5-year bond and 92.8064 for the 10-year bond.

The total sum raised represents raised through Rs752bn through competitive bids and Rs10.33bn through non-competitive bids.

To note, the central bank in the last auction held on March 05, 2025, sold PIBs-PFL worth Rs629.26bn against a target of Rs325bn.

The cut-off price stood at 96.9755 for a 5-year bond, and 93.1094 for the 10-year bond.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,409.67 393.48M	-0.61% -1133.34
ALLSHR	110,382.58 1,026.61M	-0.45% -501.36
KSE30	56,593.88 158.22M	-0.71% -404.12
KMI30	259,208.41 213.19M	-0.87% -2263.77
KMIALLSHR	70,710.78 493.25M	-0.60% -427.51
BKTi	53,774.72 51.55M	-0.55% -299.43
OGTi	36,045.04 14.71M	-0.59% -214.34

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,645.00	92,275.00 89,825.00	-460.00 -0.50%
BRENT CRUDE	63.02	63.92 61.83	1.03 1.66%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.25 -1.42%
ROTTERDAM COAL MONTHLY	95.30	98.65 95.30	-2.90 -2.95%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.78	59.77 57.61	1.02 1.77%
SUGAR #11 WORLD	14.89	14.99 14.78	-0.08 -0.53%