Pakistan Stock Exchange Ltd · PSX:PSX
Pakistan Stock Exchange — Debt Investor Presentation (February 2023)
21 slides from Pakistan Stock Exchange's debt investor presentation, February 2023
Slide 1: Listing on Pakistan Stock Exchange: Debt Securities
Listing on Pakistan Stock Exchange Debt Securities
Slide 2: Contents of the Presentation
Contents of the Presentation: Introduction Benefits Publicly Placed Debt Securities Listing Requirements Listing Procedure Listing Fee Privately Placed Debt Securities Listing Requirements Listing Procedure Listing Fee Contact Information 2
Slide 3: Introduction
Introduction 3
Slide 4: What is debt listing?
What is debt listing? Debt security refers to a debt instrument, such as a government or corporate bond that can be bought or sold between two parties. 1. Publicly Placed Debt instruments listed on Pakistan Stock Exchange (PSX) can be offered to the general public as well as institutional investors.
Slide 5: Benefits of Listing Debt Securities
Benefits of Listing Debt Securities 5
Slide 6: Why should you list on PSX?
Why should you list on PSX? Larger Investment Listing debt securities on a stock exchange is usually carried out to gain access to a wider group of Base audience, i.e. Corporate Investors. The target investors for debt securities are Qualified Institutional Buyers (QIBs), many of whom have Investmen
Slide 7: Publicly Placed: Listing Requirements
Publicly Placed Debt Securities Listing Requirements 7
Slide 8: What is the Eligibility Criteria?
What is the Eligibility Criteria? No Paid-up Capital Issue Size Defaults/Overdue Credit Rating Loans • Public company with a • Total issue size of debt • None of the directors, • Long term securities paid up capital greater greater than Rs. 200 sponsors or promoters of have to be rated a than Rs. 20
Slide 9: What are the offering requirements?
What are the offering requirements? Minimum allocation of capital to the General Public excluding the Pre-IPO investors shall be as under: Iss.ue Size • The allocation of capital to the General Public • shall not be less than Rs. 100 Million or 25% of the Up to Rs. 500 Million issue size, whichever
Slide 10: Publicly Placed: Listing Procedure
Publicly Placed Debt Securities Listing Procedure 10
Slide 11: Procedure to list debt security on the Exchange?
Procedure to list debt security on the Exchange? Prospectus creation • The Company shall create an prospectus by hiring a consultant. Offer to General Public and • The Company shall make the offer of the debt security to General Public and QIBs by QIBs for Subscription publishing the prospectus. • T
Slide 12: Publicly Placed: Listing Fee
Publicly Placed Debt Securities Listing Fee 12
Slide 13: What is the Listing Fees?
What is the Listing Fees? • 0.075% of the total issue size of the Debt Security Initial Listing Fees • Capped at PKR 3 Million Annual Listing Fees • 0.075% of the total issue size of the Debt Security Payable in respect of each financial • Floored at PKR 100,000 year of the Exchange (July-June) • Ca
Slide 14: Privately Placed: Listing Requirements
Privately Placed Debt Securities Listing Requirements 12
Slide 15: What is the Eligibility Criteria?
What is the Eligibility Criteria? No Defaults/Overdue Paid-up Capital Issue Size Credit Rating . Loans • Entity which has • The total issue size • None of its other • Entity rating and commenced operations including pre-IPO securities should be on instrument rating have to and has a paid-up capital
Slide 16: Privately Placed: Listing Procedure
Privately Placed Debt Securities Listing Procedure 15
Slide 17: Procedure to list debt security on the Exchange?
Procedure to list debt security on the Exchange? • The company shall obtain a letter from Central Depository Company of Pakistan Complete pre-requisite declaring the debt security eligible for induction into Central Depository System. Information Memorandum • The Company shall create an Information
Slide 18: Privately Placed: Listing Fee
Privately Placed Debt Securities Listing Fee 17
Slide 19: What is the Listing Fees?
What is the Listing Fees? • 0.075% of the total issue size of the debt security Initial Listing Fees • Capped at PKR 1.5 Million Annual Listing Fees • 0.075% of the total issue size of the Debt Security Payable in respect of each financial • Floored at PKR 50,000 year of the Exchange (July-June) • C
Slide 20: Contact Information
Contact Information Karachi Owais Zahoor - Manager Email: [email protected] Telephone: +92-2135274582 Ext. 4582 Karachi Raeda Latif Sami Shakeel - Officer Email: [email protected] General Manager Telephone: +92-2135274574 Ext. 4574 Marketing and Business Development Email: raeda.latif@ps
Slide 21: Serving Investors & Industry
To view the entire Debt Securities Regulations refer to Chapter 5B for Publicly Placed Debt Securities and 5C for Privately Placed Debt Securities. Serving Investors & Industry Stock Exchange Building, Stock Exchange Road, Karachi-74000, Pakistan. Tel: (+92)111-001-122, Website: www.psx.com.pk 20
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