PSX to begin trading fresh green sukuk on May 21

May 20, 2025 (MLN): The Government of Pakistan’s fresh 3-Year Variable Rate Green Ijarah Sukuk (GIS-VRR), issued via the Pakistan Stock Exchange (PSX), will begin trading in the secondary market on May 21, 2025.

The auction was held on May 16, 2025, and was settled on May 19, 2025.

The GIS will be traded through the Jade Trading Terminal (JTT), a BnB-enabled terminal, as per the notice issued by PSX.

This instrument, titled “3-Year Variable Rate Green Sukuk – Maturity Date 19-May-28,” is a fresh issue and carries a symbol code of P03GVR190528.

The sukuk has a maturity date of May 19, 2028, with 365 days in a year, a cut-off price of Rs100, and a cut-off rental rate of 10.6364%.

The instrument will be listed on May 20, 2025, with an issue date of May 19, 2025. Each sukuk has a face value of Rs5,000 and can be traded in multiples of Rs5,000.

The minimum buy/sell order quantity is set at 5,000, with a maximum limit of 5 billion units.

The maximum buy/sell order value is capped at Rs6bn, and the lot size for trading is fixed at 5,000.

Market mechanics include a price tick of 0.0001 and circuit breakers set between 0.0001 and 400.

The settlement cycle for continuous auction trades will be T+1, while trades conducted through the negotiated deals market will follow a T+0 settlement cycle.

Clearing, settlement, and risk management for the sukuk will be handled by the National Clearing Company of Pakistan Limited (NCCPL), while custody of the securities will be maintained by the Central Depository Company of Pakistan Limited (CDC).

Copyright Mettis Link News