SBP raises Rs155bn through Pakistan Investment Bonds

The State Bank of Pakistan (SBP) on Wednesday successfully auctioned off Pakistan Investment Bonds (PIBs) worth Rs155 billion, exceeding the target of Rs150 billion.

This injection of capital will help to support the Pakistani economy and spur further development.

Three-year cut-off yields decreased by three basis points (bps) to 13.97 per cent; five-year cut-off yields decreased by 1bps to 13.18pc; and 10-year cut-off yields remained at 13.15pc.

Bids were rejected for 15-year bonds. No bids were received for 20- and 30-year PIBs.