SBP raises Rs81bn through PIB auction

MG News | July 09, 2024 at 10:20 PM GMT+05:00

0:00

July 09, 2024 (MLN): The State Bank of Pakistan (SBP) conducted an auction on Tuesday in which it sold Pakistan Investment Bonds (PIBs) worth Rs81.07 billion.

The target was to raise Rs190bn while the maturity amount was also Rs190bn.

Cut-off yields remained unchanged at 16.6000% for 3-year bonds and 15.4475% for 5-year bonds, while bids for 10-year bonds were rejected.

Total amount offered was Rs205.63bn out of which the SBP accepted Rs81.07bn.

The SBP received bids worth Rs114.88bn for 3-year, Rs53.5bn for 5-year, and Rs37.25bn for 10-year out of which it accepted Rs58.48bn for 3-year, Rs17.25bn for 5-year, while it rejected bids for 10-year.

In addition, the SBP picked up Rs5.33bn from the non-competitive auction, making the total amount accepted Rs81bn.

To note, the central bank in the last auction held on June 25, 2024 sold PIBs worth Rs131.4bn against a target of Rs190bn.

Cut-off yields for 3, 5, and 10 years were 16.6%, 15.45%, and 14.25%.

(This story has been corrected to include non-competitive accepted amount in total, in paragraph 1)

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,242.90 704.43M	1.49% 2436.69
ALLSHR	101,132.82 1,476.65M	1.29% 1287.02
KSE30	50,886.61 318.61M	1.52% 762.76
KMI30	241,116.65 128.48M	1.08% 2586.15
KMIALLSHR	66,519.44 717.61M	0.94% 621.34
BKTi	47,711.07 207.32M	2.87% 1330.11
OGTi	32,418.62 12.56M	1.76% 561.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,910.00	111,160.00 110,700.00	-165.00 -0.15%
BRENT CRUDE	60.94	61.55 60.07	-0.35 -0.57%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	92.75	92.75 92.75	-0.25 -0.27%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	56.92	56.99 56.89	-0.10 -0.18%
SUGAR #11 WORLD	15.77	15.78 15.51	0.27 1.74%