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SBP raises Rs155bn through PIB auction

June 22, 2022 (MLN): The Condition Financial institution of Pakistan (SBP) lifted Rs155 billion on Wednesday, from the target of Rs150bn by offering fastened-rate Pakistan Investment decision Bonds (PIBs).

The slash-off generate for 3-12 months and 5-yr PIBs dropped by 3bps and 1bps to 13.97% and 13.18, respectively. On the other hand, the cut-off yield for 10-calendar year witnessed no adjust as it stood at  13.15%.

From the auction target of Rs150bn, SBP obtained full bids of Rs544.55bn.

SBP obtained bids worth Rs108.78n for 3-years, Rs225.62bn for 5-years, Rs190.39bn for 10-many years, and Rs19.77bn for 15-12 months PIBs. Nonetheless, no bids have been gained for 20-yr and 30-calendar year bonds.

The SBP approved Rs8bn, Rs101.23bn, and Rs45.76bn for 3-12 months, 5-yr, and 10-year PIBs, respectively even though the central financial institution turned down the bids for the 15-calendar year bonds.

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