| Complete Name |
Pakistan Investment Bonds – Semi Annual Floating Rate |
| Abbreviations |
PFL – S/A |
| Bond Type |
Floating Rate Coupon Bond |
| Sector (Conventional/Islamic) |
Conventional |
| Rate of Return (Fixed/Floating) |
Floating till maturity |
| Coupon Payment Frequency |
Semi – Annual |
| Coupon Benchmark |
latest weighted average of 6-month MTB auction, in case of rejection or there is no participation from the market, the average of 6-month (i.e. 121- 180 days) PKRV applicable for last five working days prior to the PFL auction or before the start of the coupon period will be used as an alternate coupon rate |
| Current Active Tenors |
05 & 10 Years |
| Day Count Conventions |
ACT/ACT |
| Minimum Denomination for Investment and Investment Multiples |
PKR 100,000.0 |
| Maximum Investment Limit |
No Limit |
| Taxes |
As per applicable laws |
| Current Auction Frequency |
Fortnightly |
| Competitive Bid Auction Method |
Multiple Price |
| Eligible Investors for Competitive Bids (CB) |
All investors |
| Maximum Number of CBs in each tenor of auction |
Multiple Bids allowed |
| Non Competitive Bids (NCB) Pricing Method |
Uniform Price |
| Eligible Investors for NCBs |
All investors other than banks (scheduled, specialized and microfinance)/ DFIs/ Investment Banks |
| Upper NCB limit |
Linked with pre-auction target i.e. 0.50% of the auction target subject to maximum of Rs. 500 million. |
| Maximum Number of NCBs in each tenor of auction |
One (01) Bid only. In case of multiple bids, all NCBs will stand cancelled |
| Auction Calendar |
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| Latest Auction Result |
Click Here |
| Pricing Calculator |
Click Here |
| Historical Data on Auctions & Coupon Rates |
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