SBP raises Rs99.5bn through PIB auction

News Image

MG News | February 16, 2022 at 10:15 PM GMT+05:00

0:00

February 16, 2022 (MLN): The State Bank of Pakistan (SBP) has raised Rs99.5 billion on Wednesday, against the target of Rs100 billion by selling fixed-rate Pakistan Investment Bonds (PIBs).

The cut-off yield for 3-year PIBs dropped by 9bps to 10.7%, while the cut-off yield for both 5-year and 10-year PIBs fell by 11bps to 10.75% and 10.86% respectively.

Against the auction target of Rs100 billion, SBP received total bids of Rs437.78billion.

SBP received bids worth Rs150.3 billion for 3-years, Rs152.7 billion for 5-years, Rs132.8 billion for 10-years, Rs1 billion each for 15-year and 20-year PIBs. However, no bids were received for 30-year bonds.

The SBP accepted Rs4 billion for 3-year papers, Rs45 billion for 5-year, and Rs50.5 billion for 10-year PIBs. While the central bank rejected the bids for the 15-year and 20-year bonds.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,055.00 118,195.00
117,905.00
435.00
0.37%
BRENT CRUDE 73.47 73.63
71.75
0.96
1.32%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.28 70.33
70.18
0.28
0.40%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg