Tenders for sale of 3-year Government of Pakistan Ijara Sukuk (GIS) have been invited by the Director, Domestic Markets & Monetary Management Department (DMMD), State Bank of Pakistan, from the designated primary dealers in accordance with the provisions FSCD circular No 15 dated 29th October 2010.
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Aucion Signing of ( Amount in PKR millions)
Date Subscription Settlement Pre-Auction
Undertaking Date Target
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1-Mar-11 3-Mar-11 7-Mar-11 45,000.0
Total 45,000.0
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1. Receipt of tenders Upto 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
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5. Maximum value of the asset under the present issuance programme of the Ijara Sukuk is PKR.102.42 billion.
Bids can be rejected without assigning any reason, says a press release issued by the State Bank.-PR
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