Govt accepts Rs22.85 billion in Ijara Sukuk under Bai Muajjal auction

The federal government bought Rs22.85 billion in face value of Ijara Sukuk in an auction held on October 27, Profit by Pakistan Today reported, citing State Bank of Pakistan results. Investors had offered Rs170.29 billion, so the accepted amount represented approximately 13.4% of bids. The transaction is structured under Bai Muajjal, with payment deferred.

The accepted Sukuk carries a future payment of Rs34.63 billion, and its cut-off deferred price was Rs151.55 for each Rs100 of face value. The auction covered issue PK05S2910268, with a tenor of 1,096 days, while offered prices ranged from Rs150.63 to Rs155.66 per Rs100. Delivery was scheduled for October 28, 2026, and no non-competitive bids were recorded.