KARACHI: Pakistan raised 47.54 billion rupees ($555 million) by selling Islamic bonds in the domestic market, the state bank of Pakistan said on Tuesday.
The cut-off margin will be the six-month treasury bill weighted average yield, which in the last auction on Feb. 23, was 13.6750 percent.
The issue, known as the Government of Pakistan Ijara Sukuk, is a three-year bond.
Settlement for the auction held on Tuesday will be on March 7.
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