Pakistan’s central bank has announced date for the auction of 3-Year Government of Pakistan Ijara Sukuk (GIS). Interested primary dealers have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, Karachi to submit the bids in accordance with the provisions of DMMD circular No.21 dated 09th December, 2015, already placed on the website of State Bank of Pakistan.
Maximum value of the asset under the present issuance program of the Ijara Sukuk is Rs.315.083 billion and bids can be rejected without by the central bank without assigning any reason.
- Receipt of Tenders Up to the date of auction (11:15 hrs)
- Opening of tenders 11:30 hours on the date of auction
- Communication of result On the date of auction
- 1st Rental Coupon To be determined one day prior to the settlement date