SBP raises Rs762bn through floating rate PIBs

By 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	120,729.33 89.83M	-1.02% -1241.71
ALLSHR	75,571.04 513.83M	-0.85% -646.20
KSE30	36,593.48 43.21M	-0.87% -319.47
KMI30	178,301.02 47.25M	-0.90% -1617.45
KMIALLSHR	51,815.50 232.48M	-0.75% -392.02
BKTi	30,097.48 10.38M	-0.64% -193.07
OGTi	27,137.76 4.94M	-1.29% -354.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,015.00	105,740.00 104,385.00	105.00 0.10%
BRENT CRUDE	76.00	77.00 75.77	-0.45 -0.59%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-3.60 -3.93%
ROTTERDAM COAL MONTHLY	104.20	0.00 0.00	0.10 0.10%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	72.82	74.04 72.61	-0.45 -0.61%
SUGAR #11 WORLD	16.29	16.43 16.26	-0.22 -1.33%