SBP sold fixed-rate PIBs worth Rs. 13.271 billion

Recently, the SBP sold some fixed-rate PIBs worth Rs. 13.271 billion. However, the bank rejected bids for 5 and 10-year bonds.

Recently, the State Bank of Pakistan (SBP) arranged an auction where the bank sold fixed-rate PIBs worth Rs. 13.271 billion against an auction target of Rs. 125 billion.

The bids for 5 and 10-year bonds were, however, rejected. The central bank picked up bonds worth Rs. 1.5 billion for 3 years with the bulk amount raised for 15 and 20 years. The SBP sold PIBs worth Rs. 3 billion for 15 years and Rs. 8 billion for 20 years.

It was informed that the SBP had received bids worth Rs. 66.298 billion.

In addition to this, the SBP picked up Rs. 721.5 million through short selling and non-competitive bids.

News Desk is the author at Research Snipers covering all Pakistan news including Business, Social, Entertainment, Economy, Pak News, World News, and More. News Desk is managed by a senior editor at Research Snipers.

Leave a Reply

Your email address will not be published. Required fields are marked *