Conventional Debt Securities
- PKR denominated bonds
- Fixed coupon rate
- Tenure: Over one year
- Interest distributions are normally made on half-yearly basis.
- Redemption is at nominal value along with the interest due upon maturity.
PMRC issues debt securities, such as conventional bonds and sukuks, in order to provide long term funding to its Partner Financial Institutions (PFIs). It enables its PFIs to pass on the benefits of fixed and attractive rates to their mortgage buyers. PMRC intends to leverage its balance sheet by issuing series of TFCs & Sukuks.
The issuance of these debt securities shall support the growth of the refinance business and play a positive role in the development of the bond market. In order to be an acceptable and sustainable capital market issuer, PMRC intends to capitalize on its key strengths which include a strong business model, stable shareholders and a remarkable balance sheet.
| Instrument | Pak Rupees (Mn) | Issue Date | Maturity Date |
|---|---|---|---|
| Sukuk – I | 3,100 | March 2021 | March 2024 |
| Sukuk – II | 1,000 | April 2021 | April 2024 |
| Term Finance Certificate – II | 1,700 | June 2021 | June 2024 |
| Term Finance Certificate – III | 1,000 | June 2021 | June 2024 |
| Term Finance Certificate – IV | 2,500 | June 2021 | June 2024 |
| Term Finance Certificate – V | 1,500 | September 2021 | September 2026 |
| Term Finance Certificate – VI | 5,000 | December 2021 | December 2026 |
| Term Finance Certificate – VII | 900 | March 2022 | March 2027 |
| Term Finance Certificate – VIII | 3,000 | March 2022 | March 2032 |
| Term Finance Certificate – IX | 2,000 | May 2022 | May 2032 |
| Term Finance Certificate – X | 1,100 | Jun 2022 | Jun 2025 |
