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State Sank of Pakistan on Thursday rejected all bids of Pakistan Investment Bonds (PIBs) which are to be matured within 3, 5 and 10 years. SBP statement here on Thursday said the tenders for sale of the PIBs were invited by SBP, Karachi through primary dealers on October 29, 2004. The target amount was Rs 1,000 million each. The bids were opened at 1030 hours on Thursday. The total realised amount was Rs 1,831.578 million with face value of Rs 1,825 million.
While 3, 5 and 10 years PIBs range of price offered per Rs 100 were 98.660 - 101.17, 97.95 - 101.87 and 96.68 - 101.72 respectively and range of yield was Rs 5.4711 percent - 6.4988 percent, 6.5553 percent - 7.4992 percent and 7.7497 percent - 8.4994 percent million.

Copyright Associated Press of Pakistan, 2004

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