Pakistan Investment Bonds (Floaters)
Fixed Income Sales
 

Pakistan Investment Bonds (Floaters)

is a conventional Floater Coupon bond, bearing bond classification of Par + Coupon. The Pricing is based on market determined yields.

Salient Features
  • Issuer: Government of Pakistan
  • Coupon: 6 Month weighted Average yield of TBILL + Spread (paid semi-annually)
  • Tenor: 10 Years
  • Denominations: Multiple of 100,000 Pak rupees
  • Withholding Tax: Deducted at source (as per government regulations)
  • Sale of Bills: Through designated Primary Dealers
  • Redemption: PIBs shall not be redeemable before maturity
  • Tradable: PIBs are script less & traded freely in the Secondary Market and are transferable.
  • Custodianship As the PIBs are script less instruments, client’s holding are held in the Investor Portfolio Services (IPS) Account managed through Subsidiary General Ledger Accounts with banks.
Hi, Do you have any questions?
whatsapp-icon-btn