PSX raises Rs76.3bn in 6th Hybrid Sukuk Auction
Key takeaways
- The auction attracted strong participation, with total bids received amounting to Rs262.197 billion in face value, while the total realized value of bids stood at Rs254.593 billion.
- According to the auction results, the cut-off rate for the one-year fixed rate discounted Sukuk was set at 12.4880 percent, showing a decline of 1.32 basis points.
- For the 10-year Variable Rental Rate Sukuk, the cut-off rental rate was recorded at 11.8569 percent, representing a spread of 0.4884 percent over the reference rate.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Karachi: Pakistan Stock Exchange Limited (PSX) successfully raised Rs76.286 billion for the Ministry of Finance through the 6th Auction of Government of Pakistan Hybrid Sukuk (GHS), reflecting continued investor appetite for Shariah-compliant government securities.
A private bank played a leading role in the transaction as Joint Financial Advisor, contributing towards the structuring, development, and successful execution of the Sukuk programme, further reinforcing its position as a key player in Pakistan’s Islamic capital markets landscape.
The auction attracted strong participation, with total bids received amounting to Rs262.197 billion in face value, while the total realized value of bids stood at Rs254.593 billion.