SBP sells Rs10.8b investment bonds

The State Bank of Pakistan (SBP) sold Rs10.8 billion of investment bonds after receiving offers for Rs25.3 billion.

The State Bank said that it auctioned Rs3.01 billion of three-year bonds at 12.49 per cent, Rs1.29 billion of five-year notes at 12.55 per cent and Rs247.8 million of seven-year securities at 12.59 percent.

The bank also sold Rs6.23 billion of 10-year debt at 12.68 per cent.

However, SBP scrapped bids for 15, 20 and 30-year debts.