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
(FACE
VALUE)
|
RANGE
OF MARGIN over Benchmark (bps)
|
|
03-Year Ijara Sukuk
|
273,303.00
|
-180.00 to +25.00
|
|
Total
|
273,303.00
|
|
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
|
117,723.00
|
|
Total
|
|
117,723.00
|
*
This cut-off margin will be applicable to all accepted bids.
