Govt auctions investment bonds worth Rs120 billion

SBP, reduces, interest rate, 100 basis points, 8 percent
13 Nov, 2019 11:06 pm

KARACHI (92 News) – The government has auctioned the investment bonds worth Rs 120 billion.

According to the State Bank of Pakistan (SBP), the investment bonds were sold for three, five and 10 years. However, the offers made for 20-year bonds were rejected.

During the auction, the bonds worth Rs56 billion were sold for three years, the Rs42 billion bonds for five years and Rs21 billion bonds for 10 years.

Must Watch