Could 16, 2025 (MLN): The Authorities of Pakistan has efficiently raised Rs31.99 billion via the issuance of a contemporary 3-Yr Variable Price Inexperienced Ijarah Sukuk (GIS-VRR), in accordance with public sale outcomes launched at present.

The public sale, performed by way of the Pakistan Inventory Trade (PSX) on Could 16, 2025, focused a pre-auction quantity of Rs30bn. The problem date and settlement are each scheduled for Could 19, 2025, whereas the maturity date is ready for Could 19, 2028.

The entire bids obtained for the Sukuk amounted to Rs161.74bn in face worth. Nonetheless, the federal government accepted bids price solely Rs31.99bn, comprising Rs31.13bn via aggressive bids and Rs0.86bn by way of non-competitive bids.

All accepted bids had been settled at a cut-off margin of -61 foundation factors over the benchmark 6-month weighted common of Market Treasury Payments, which presently stands at 11.2464%. This interprets right into a internet rental charge of 10.6364% for the Sukuk.

This contemporary issuance of the Inexperienced Sukuk underscored the federal government’s ongoing efforts to deepen the Islamic finance market whereas supporting environmentally sustainable infrastructure tasks.

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Posted on: 2025-05-16T22:16:57+05:00

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