Pakistan announces date for US$ one billion Sukuk auction

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 09^th 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.

 

 

 

 

 

 

 

1. Receipt of Tenders             Up to the date of auction (11:15 hrs)
2. Opening of tenders             11:30 hours on the date of auction
3. Communication of result     On the date of auction
4. 1^st Rental Coupon               To be determined one day prior to the settlement date