Tuesday, 15 December 2015

Pakistan Ijara Sukuk: Rs 117.723 billion bids accepted

Pakistan Ijara Sukuk: Rs 117.723 billion bids accepted
In response to tender for the auction of Rs100 billion Government of Pakistan Ijara Sukuk, bids received amounted Rs273.3 billion but the State Bank of Pakistan accepted Bids worth Rs117.7 billion leaving ample liquidity in the market
Tender for Sale of 3-Year Government of Pakistan Ijara Sukuk was invited by the State Bank of Pakistan, Karachi through designated Primary Dealers (for Ijara Sukuk) on December 15, 2015. Bids were opened at 11:30 hours on December 15, 2013, which were received as follows:
                                                                                                                   (Rs. In Millions)
Offered Amount
RANGE OF MARGIN over Benchmark (bps)
03-Year Ijara Sukuk
-180.00 to +25.00
Out of the above bids, the accepted bids are as under:
Maturity Period
Cut-Off Margin Over benchmark (bps)*
Accepted Amount
(Face Value)
03 -Yr Ijara Sukuk
Minus 50.00
* This cut-off margin will be applicable to all accepted bids.

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