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 (‘Annexure-A’), GIS will be issued as per the Structure and Assets described in ‘Annexure- B’ and Information Note in ‘Annexure- C’. 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 details covering specimen documentation, sample tender forms and NCB format are also enclosed for information (Annexures D to I).

 

Enclosed:

Annexure-A: GOP Ijara Sukuk Rules, 2008
Annexure-B: Transaction Structure
Annexure-C: Information Note
Annexure-D: Specimen Sukuk Subscription Undertaking (for 1-year tenor)  (for 3-5 year tenor)
Annexure-E:Specimen Sukuk Issuance Undertaking (for 1-year tenor)  (for 3-5 year tenor)
Annexure-F: Sample Tender Form - Variable Rental Rate
Annexure-G: Sample Tender Form - Fixed Rental Rate
Annexure-H:Sample Tender Form - Reopening(for GIS with tenor greater than 1-year)
Annexure-I: NCBs Format for PDs