Capital Market

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.

Sukuks

  • PKR denominated Sukuks
  • Fixed profit rate
  • Tenure: Over one year
  • Profit distributions are normally made on half-yearly basis
  • Redemption is at nominal value along with the profit due upon maturity.

Key Benefits – Bonds and Sukuks

  • AAA Rated Entity (long term) – minimal risk of default
  • Collateral is based on Top Tier Financial Institutions Receivables Portfolio –minimal credit risk
  • Fixed rate, long tenure loans (up to 3 and 5 years)
  • Stable source of income/return for entire tenor – interest rate is locked at the beginning

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.

Outstanding PMRC Debt Securities

Instrument Pak Rupees (Mn) Issue Date Maturity Date
Term Finance Certificate – I 1,000 March 2020 March 2022
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

Connect with us

Farrukh Zaheer

Head of Treasury & FIs

farrukh.zaheer@pmrc.com.pk
Moin Uddin

Senior Manager – Treasury

moinuddin.salauddin@pmrc.com.pk

Connect with us

  • Fax
  • +92(21)35633365
  • Registerd Address
  • Finance & Trade Center, 4th Floor, Block-A, Shahrah-e-Faisal, Karachi -74400, Pakistan.

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