KARACHI: The State Bank of Pakistan (SBP) has raised Rs112 billion through the sale of Pakistan Investment Bonds (PIBs), according to a statement issued on Wednesday. SBP data showed that the cut-off yields for all three-year, five-year and 10-year PIBs increased. Out of the Rs118.7 billion for the three-year PIB, SBP accepted Rs71.1 billion. For five-year PIB, the central bank accepted Rs20.9 billion out of Rs33.1 billion, whereas it accepted Rs16.1 billion for 10-year PIB, out of Rs18.6 billion. The central bank accepted Rs4 billion out of the Rs6.1 billion for the 15-year bond, and accepted all 20-year PIBs bids worth Rs100 million.

Source: Pakistan Today June 24, 2020 19:18 UTC