AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Tenders for Sale of 3-Year Government of Pakistan Ijara Sukuk (GIS) are invited by the Director, Domestic Markets and Monetary Management Department (DMMD), State Bank of Pakistan, Karachi from the designated Primary Dealers in accordance with the provisions of DMMD circular No.25 dated 14th December 2011.
Pre-announced GIS Auction Calendar Q4 FY 12 April June, (Amount in PKR Millions)
| Signing of | ||||
| Auction Date | Subscription | Settlement Date | Maturing Amt 1 | Targets |
| Undertaking | (Coupon) | (Rounded Off) | ||
| 23-APR-12 | 25-APR-12 | 30-APR-12 | 5,740 | 25,000 |
| 20-June-12 | 22-Jun-12 | 28-Jun-12 | 6,407 | 25,000 |
| Total Q4-FY12 Amounts | 12,147 | 50,000 |
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. 1st Rental Coupon To be determined one day prior to the settlement date
5. Maximum value of the asset under the present issuance program of the Ijara Sukuk is PKR.126.21 billions.
Note: Bids can be rejected without assigning any reason.
For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk