SBP raises Rs393bn through PIB auction

The State Bank of Pakistan accepted bonds with a face value of Rs392.83bn in its fixed-rate Pakistan Investment Bonds auction held on November 04, 2026, Mettis Global reported. Bids across five maturities totalled Rs1,295.54bn, while competitive acceptances amounted to Rs366.468bn. The auction included 2-Year, 3-Year, 5-Year, 10-Year and 15-Year securities.

The amount raised exceeded the Rs376.74bn secured at the previous auction on October 07, 2026. The 3-Year maturity drew the largest total acceptance, at Rs165.330bn, followed by Rs159.926bn for 5-Year bonds. Cut-off yields fell by 0.5bps, 10.8bps and 10.0bps for the 2-Year, 3-Year and 5-Year tenors respectively, while the 10-Year rate stayed at 12.8500%; bids for 15-Year bonds were rejected.