( Exclusive of IBF News ) WAPDA have Finalized to award the mandate to DIB, NBP, SCB & FCIB as advisor/arranger of 2nd WAPDA Sukuk issue worth of PKR. 8 billon. This was done with the approval of ministry of Finance and Economics affair division government of Pakistan.
WAPDA has been also issued a sukuk in Feb, 2006, volume of 8 billon PKR with the 6 monthly rate of KIBOR + 35 basis point for 7 years at that was also eligible for SLR requirement of state bank of Pakistan.
Dubai Islamic Bank (DIB) has already announced that it has arranged sale of ''Sukuks'', or Islamic bonds, worth $85.3 million for two companies in Pakistan, namely, Karachi Shipyard and Engineering Works (KSEW), and Sui Southern Gas Company (SSGC).
This Sukuk issue is same which is announced by Mr. Imtiaz Anjum Ch. Member Finance WAPDA and CEO of WAPDA First Sukuk Company Ltd in the ALHUDA CIBE Specialized Workshop on “Sukuk “ at Peral Continental Hotel, Lahore from 22-23 January, 2007.
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