An auction of Outright Purchase of GIS by Government of Pakistan on deferred payment (Bai Muajjal) basis was held on November 17, 2015, Sukuk Delivery date of November 18, 2015. The bid summary for GIS 9, 10, 11, 12 and 13 is as following;
GIS Issue | Amount Offered (Face Value) | Bai Muajjal Price Range | |
(In million Rupees) | |||
GIS-09 | 67,150.000 | 107.89 – 109.08 | |
GIS-10 | 35,450.000 | 106.54 – 107.60 | |
GIS-11 | 27,175.000 | 105.35 – 106.39 | |
GIS-12 | 45,975.000 | 107.85 – 108.92 | |
GIS-13 | 45,375.000 | 106.09 – 107.15 | |
Total | 221,125.000 | ||
Out of the above bids, the accepted bids were as under:
GIS Issues | Cut-Off Deferred Price | Amount Accepted (Face Value) | Bai Muajjal Deferred Amount |
(In million rupees) | |||
GIS-09 | 108.92 | 66,200.000 | 72,105.040 |
GIS-10 | 107.55 | 32,525.000 | 34,980.638 |
GIS-11 | 106.34 | 23,150.000 | 24,617.710 |
GIS-12 | 108.87 | 45,425.000 | 49,454.198 |
GIS-13 | 107.09 | 41,275.000 | 44,201.398 |
Total | 208,575.000 | 225,358.984 |