SBP raises Rs788.14bn through floating rate PIBs

By MG News | January 08, 2025 at 10:33 PM GMT+05:00

0:00

January 08, 2025 (MLN): The State Bank of Pakistan (SBP) successfully raised Rs734.39 billion through an auction of floating rate Pakistan Investment Bonds (PIBs) for 2-year and 5-year tenures on Wednesday.

The auction, conducted against a target of Rs700 billion, saw the 2-year PIB-PFL semiannual bonds settled at a cut-off price of 99.6538, while the 5-year bonds were priced at 96.5725.

However, all bids for the 10-year bonds were rejected.

SBP received bids totalling Rs775.25bn.

The total sum raised represents raised through Rs8bn through competitive bids and Rs3.86bn through non-competitive bids.

To note, the central bank in the last auction held on December 24, 2024, sold PIBs-PFL worth Rs732.53bn 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.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,730.00	108,105.00 107,505.00	-505.00 -0.47%
BRENT CRUDE	66.38	66.63 66.34	-0.36 -0.54%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.72	65.02 64.67	-0.39 -0.60%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%