PSX to conduct 11th GoP Hybrid Sukuk Auction on July 8

Auction Date & Timeline

The bidding session will run on Wednesday, July 08, 2026, from 10:00 a.m. to 12:00 p.m. through the online PSX Auction System.

Settlement Date

Final collection and settlement of the successful bidding amounts are scheduled for Thursday, July 09, 2026.

Issuer & Financial Advisors

The securities are issued by Pakistan Domestic Sukuk Company Limited via the Ministry of Finance , advised jointly by Meezan Bank, Dubai Islamic Bank, Bank Islami, and Bank Alfalah.

Shariah Structure

Blended instrument utilizing 55% of funds for Ijarah Sale & Lease Back and 45% for Commodity Murabaha transactions.

1-Year GHS Asset Profile

Fresh issue under code P01GHS080727 with a 364-day tenor, maturing on July 08, 2027, aiming for a target size of Rs 150 Billion.

10-Year GHS Asset Profile

The 6th re-opening under code P10VRR160436, originally issued April 16, 2026, and maturing April 16, 2036, with a target size of Rs100 Billion.

Bidding Volume Limits

Bids start at a minimum face value of Rs 5,000 and subsequent multiples thereof. Competitive bids have no maximum cap, whereas non-competitive bids are capped per investor at 0.25% of the target or Rs500 million, whichever sits lower.

10-Year Variable Mechanics

Employs an initial benchmark rate of 11.3685% and a defined spread of +35bps. Successful bidders must pay an upfront Price Premium of Rs134.8430 per Rs 5,000 Face Value.

Investor Eligibility

Open to institutional investors, corporate bodies, trusts, individual citizens, and non-resident Pakistanis via Roshan Digital Accounts (RDA).

Statutory Liquidity Status

The Sukuk is designated as a 100% Statutory Liquidity Ratio (SLR) eligible instrument for all participating eligible investors.

Operational Infrastructure

Bidding eligibility extends to NCCPL clearing members. The National Clearing Company of Pakistan Limited acts as the Paying Agent , while the Central Depository Company serves as the Registrar.