SBP raises Rs91.8bn through PIB auction

MG News | June 27, 2023 at 10:38 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 27, 2023 (MLN): The State Bank of Pakistan (SBP) on Wednesday raised Rs91.8 billion through the sale of fixed-rate Pakistan Investment Bonds (PIBs).

The amount raised during the auction fell short of the initial target of Rs160bn. The yield for a three-year PIB remained unchanged at a cut-off of 19.35%.

Investors submitted bids totaling Rs90.22bn for the 3-year PIBs, while bids were rejected for the 5-year PIBs. Surprisingly, no bids were received for the 10-year, 15-year, 20-year, and 30-year PIBs.

Apart from that, the government also raised Rs1.61bn through non-competitive bids, which led to a total amount of Rs91.8bn raised during the auction.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,498.95 314.82M	-1.01% -1733.57
ALLSHR	103,103.10 757.94M	-1.08% -1128.70
KSE30	50,739.70 126.19M	-1.06% -544.11
KMI30	244,205.17 97.93M	-1.06% -2620.36
KMIALLSHR	66,873.02 444.70M	-1.20% -810.61
BKTi	47,132.90 22.64M	-0.97% -463.02
OGTi	34,962.57 7.69M	-1.18% -418.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	84,340.00	84,635.00 82,850.00	-155.00 -0.18%
BRENT CRUDE	105.29	106.50 101.83	2.21 2.14%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.75 5.48%
ROTTERDAM COAL MONTHLY	137.10	0.00 0.00	-0.15 -0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	94.10	94.69 91.23	1.94 2.11%
SUGAR #11 WORLD	18.70	19.07 18.62	-0.10 -0.53%