Meezan Bank Limited. · PSX:MEBL
Meezan Bank — Conference Presentation (July 2024)
7 slides from Meezan Bank's conference presentation, July 2024
Slide 1: Developing Debt Capital Market in Pakistan
Developing Debt Capital Market in Pakistan Ensuring Liquidity through Market Making Syed Amir Ali, FCA, CFA Dy. Chief Executive Meezan Bank Limited
Slide 2: Debt Market Structure - Overview
Debt Market Structure - Overview Debt Market Banking Channel Non Banking Channel Conventional/Islamic Mode Conventional Mode Shariah Compliant Mode Term Finance Certificates Bilateral Financing Syndicated Financing Sukuks, Islamic (“TFCs”), Bonds, Commercial Paper etc Commercial Papers etc Investor
Slide 3: Debt Market – Local Landscape
Debt Market – Local Landscape Current Composition Local Debt market is largely dominated by Government of Pakistan. Total GoP Securities ~PKR 29T; Sukuk ~PKR 3T Banks ~PKR 21T AMCs & Insurance ~PKR 3.6T and Corporate/others ~PKR 4.9T Total outstanding corporate debt - ~PKR 11 T. Out of total corpora
Slide 4: Debt Capital Market – Recent Initiatives
Debt Capital Market – Recent Initiatives Pakistan Energy In 2020, Meezan Bank played a leading role in successfully executing the issuance of Pakistan Sukuk-II: Energy Sukuk (PES) II, a public sector entity owned by Government of Pakistan. The price determination was based on book building mechanism
Slide 5: Debt Capital Market - Market Making
Debt Capital Market - Market Making Role of market makers is to keep up the functionality of the market by infusing liquidity. Intervention during market volatility to stabilize prices Availability of buy and sell prices for specific debt and prevent extreme fluctuations. securities, fostering a con
Slide 6: Debt Capital Market - Recommendations
Debt Capital Market - Recommendations Investor Base Issuer Base • Investor awareness programs in all business hubs. • Awareness program for issuance process and the potential advantage. • Tax incentives. Section 5AA for Sukuk: 25% for Corporates and 10% to 12.5% for individuals/AOP, • Eliminate SECP
Slide 7: Thank You
Thank You