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031016
STATE BANK OF PAKISTAN - EXCHANGE AND DEBT MANAGEMENT DEPARTMENT
EDMD Circular No 18
October 16, 2003
All Primary Dealers
Dear Sirs,
Jumbo Issue of PIB-Accrued Interest
Please refer to our schedule for the auction of
Jumbo Issue of PIBs of Rs. 50 billion with opening/reopening dates as
06-10-2003, 06-11-2003 and 06-12-2003.
In this regard it is clarified that the settlement will be made by the
successful bidders on re-opening dates i.e 06/11/2003 and 06/12/2003 at the
amount calculated as per quoted price plus accrued interest for number of days
lapsed since original issue date i.e 06-10-03 arrived at on the basis of
respective coupon rates.
Endst. No. EDMD/ /3(169)/03
Sd/-
(Muhammad Arif)
J. Joint Director
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