KARACHI: Pakistan Stock Exchange (PSX) raised Rs 243 billion against a target of Rs 200 billion for the MoF in the 14th Auction of GOP Ijarah Sukuk (GIS) held on Friday.
The GIS cut-off rates are as follows:
a) *Fixed Rate Discounted*
1Y Discounted: 11.7498% (-325.02 bps)
b) *Fixed Rental Rate*
3Y FRR: 12.0000% (-189 bps)
?5Y FRR: 12.5300% (-131.50 bps)
?10Y FRR: 12.7400%(-30.22 bps)
c) *Variable Rental Rate*
Reference Rate: 14.1545%
3Y VRR: 13.5945% (-0.56% to the Reference Rate)
5Y VRR: 13.7545% (-0.40% to the Reference Rate)
?10Y VRR: 14.1045% (-0.05% to the Reference Rate)
Total bids received worth *Rs 952.89 bn.
Copyright Business Recorder, 2024
Source: Brecorder
