The State Bank of Pakistan (SBP) sold Pakistan Investment Bonds (PIBs) worth Rs638.93 billion in an auction, surpassing its target of Rs300 billion. The cut-off yields were 11.09% for the 2-year bond, 11.14% for the 3-year, 11.4399% for the 5-year, and 12.15% for the 10-year bond.
The total amount offered in the auction was Rs2.03 trillion, with the SBP accepting Rs638.93 billion. Bids received included Rs150.25 billion for the 2-year, Rs273.78 billion for the 3-year, Rs234.98 billion for the 5-year, Rs342.61 billion for the 10-year, and Rs1.03 trillion for the 15-year bond.
