Ahmed & Qazi is pleased to announce that, on 6 March 2025, it successfully closed a ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฌ๐ฎ๐ค๐ฎ๐ค ๐ฌ๐๐ซ๐ข๐๐ฌ issued by way of public hashtag#offering on the Pakistan Stock Exchange by the Ministry of Finance, Government of Pakistan. ๐๐ก๐ ๐ข๐ฌ๐ฌ๐ฎ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐ข๐ฌ๐๐ ๐๐,๐๐๐,๐๐๐ ๐๐๐ซ๐ญ๐ข๐๐ข๐๐๐ญ๐๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ ๐๐๐๐ ๐ฏ๐๐ฅ๐ฎ๐ ๐จ๐ ๐๐๐ ๐,๐๐๐/-. ๐
๐ฆ Based on an ijarah structure, the issue was ๐น๐ฎ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ฎ๐ฐ๐ฟ๐ผ๐๐ ๐๐ฒ๐๐ฒ๐ป ๐ฐ๐น๐ฎ๐๐๐ฒ๐ of hashtag#sukuk certificates:
(1) 1-year fixed rate discounted (FRD) certificates due 6 March 2026
(2) 10-year variable rental rate (VRR) certificates due 7 March 2035
(3) 5-year VRR certificates due 7 March 2030
(4) 3-year VRR certificates due 7 March 2028
(5) 5-year fixed rental rate (FRR) certificates due 7 March 2030
(6) 3-year FRR certificates due 7 March 2028
(7) 10-year FRR certificates due 7 March 2035
Ahmed & Qazi was responsible for structuring the deal and drafting all the required sukuk documentation and their finalisation in coordination with Ministry of Finance, Government of Pakistan, State Bank of Pakistan (SBP), Pakistan Stock Exchange, Central Depository Company of Pakistan Limited, National Clearing Company of Pak Ltd. (NCCPL) and the Joint Financial Advisors.
A&Q team was spearheaded by Nazif Ahmed (Head – Corporate), who was assisted by a team of associates.
๐ฃ๐ฆ๐ซ ๐๐ถ๐๐ฐ๐น๐ผ๐๐๐ฟ๐ฒ: https://lnkd.in/d3DPKfku
๐๐๐๐ถ๐ป๐ฒ๐๐ ๐ฅ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ๐ฒ๐ฟ: https://lnkd.in/dR68hEVY
