Please refer to FSCD Circular No. 13 dated September 06, 2008, DMMD Circular No 02 dated February 03, 2016, DMMD Circular No. 19 dated August 18, 2020 as well as all relevant instructions regarding Government of Pakistan (GOP) Ijara Sukuk (GIS).

In accordance with the provisions of GOP Ijara Sukuk Rules, 2008 and all the amendments made in the rules thereafter; GIS will be issued as per the Structure and Assets described in 'Annexure-A'. The GIS auction details such as target amount, tenor, rental rate (variable or fixed) and auction schedule etc. will be announced by SBP on Refinitiv/Bloomberg SBPK pages. The specimen documentation covering details of Sukuk Subscription and Sukuk Issuance are also enclosed for information ('Annexures B to C').

 

Enclosed:

Annexure-A: Transaction Structure of GIS
Annexure-B:  Specimen Sukuk Subscription Undertaking (for GIS with 1-year tenor) (for GIS with tenor greater than 1 year)
Annexure-C: Specimen Sukuk Issuance Undertaking (for GIS with 1-year tenor) (for GIS with tenor greater than 1 year)