KARACHI: The government has generated Rs131.9 billion through auction of Pakistan investment bonds (PIBs).
The State Bank of Pakistan (SBP) accepted the bids at the face value of Rs131.99 billion and realised an amount of Rs135.95 billion in the auction of three-, five-, 10- and 20-year maturities for which the central bank received bids worth Rs193.67 billion.
The SBP said it did not receive bids for 20-year maturity. The target for the auction was Rs50 billion. The central bank accepted bids of Rs45.1 billion for 3-year tenor, Rs58.87 billion for 5-year and Rs28 billion for 10-year PIBs. The cut-off yield for the bids accepted at 6.54 percent, 6.99 percent and 8.18 percent per annum, respectively.
