Karachi: It is hereby notified that the Privately Placed Term Finance Certificates (PPTFCs) of Rs.1 billion of ORIX Leasing Pakistan Limited will be listed on the Exchange w. e. f. Tuesday, October 25, 2011 under the Regulations Governing Over-The-Counter (OTC) Market.
The PPTFCs are being listed under Regulation No.3 (II) and Schedule III of the Regulations relating to listing of Debt Market Securities issued to Qualified Institutional buyers (QIBs) through Private Placement.
The trading in the PPTFCs will commence one day after the date of formal listing i.e. from Wednesday, October 26, 2011 as required under Clause No. 4(iv) of Schedule III of the Regulations.
The trading n the PPTFCs will take place between the members outside the system and shall be reported to the Exchange via Negotiated Deal Market (NDM) and settlement of trade will take place on counter party basis.
The eligible Investors, who qualify the criteria of Qualified Institutional Buyers (QIBs) as defined under Regulation No. 2(n) of the Regulations Governing Over-The-Counter (OTC) Market, are allowed to trade in the PPTFCs of the Company.
The Market Lot will be one certificate of face value of Rs. 100,000/- each and the minimum amount per transaction by a single QIB shall not be less than Rs. 1,000,000/-.
The National Clearing Company of Pakistan Limited vide its letter No. NCCPL/CS/607/11 dated October 6, 2011 has assigned the Security Symbol/Company Code “OLPLTFC5” to the PPTFCs of the Company.
JS Global Capital Limited has been appointed as the Market Maker of the issue, who will quote bid / offer spread for the PPTFCs on daily basis and would intimate the KSE of any trade in the instrument, which would be available through website of the Exchange under the “Market Information” Menu tern as “OTC Scrips”.
Noble Computer Services (Pvt.) Limited has been appointed as the Registrar.
A brief about the Privately Placed Term Finance Certificates / Term Sheet of the issue is attached for information.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136