SBP raises Rs788.14bn through floating rate PIBs

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	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,220.00	118,270.00 116,115.00	2395.00 2.07%
BRENT CRUDE	67.85	68.01 67.50	-0.10 -0.15%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.59	63.82 63.24	-0.46 -0.72%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%