Investment of Rs. 12,182 Million of IESCO Consumer Security Deposit in Term Deposit Receipt and T-Bills

Islamabad Electric Supply Company (IESCO) invites proposals from eligible banks for investment of Rs. 12,182 million of IESCO Consumer Security Deposit in Term Deposit Receipt (TDR) and Treasury Bills (T-Bills). This tender is issued by the Management Investment Committee of IESCO headquartered in Islamabad. The investment will be made in TDR and T-Bills with a maturity period of one year each. Items being procured: - Investment in Term Deposit Receipt (TDR) with 1 year maturity - Investment in Treasury Bills (T-Bills) with 1 year maturity The bidding documents will be available on E-Pads Version 1.0 platform. Banks must ensure their registration on this platform to participate in the bidding process. The bids will be opened online on 03-08-2026 at 11:00 AM in the Committee Room of IESCO Headquarter, Street 40, Sector G-7/4 Islamabad. Banks are required to submit two hard copies of offer letters in separate envelopes: one for Term Deposit Receipt and one for T-Bills, both with one year maturity. The investment amount is capped at 20% of the Consumer Security Deposit Account fund base per bank, which amounts to Rs. 2,436 million. Eligibility criteria include a minimum short-term rating of A1+ and a long-term rating of AAA as per the latest credit rating from the State Bank of Pakistan. Banks must provide letters indicating their current short-term and long-term ratings issued by SBP. The validity of profit rates should be at least 7 days from 03-08-2026 and extendable upon IESCO's request. In case of holidays or strikes on the proposal opening date, the process will be shifted to the next working day at the same time and venue. This tender requires banks to be well-prepared with their financial credentials and timely registration on the E-Pads platform. The Management Investment Committee reserves the right to cancel the bidding process as per PPRA Rules 33(1). The decision of the committee regarding investment in TDR or T-Bills will be final. For bidders, a practical tip is to ensure early registration on the E-Pads platform and prepare all required rating documents in advance to avoid last-minute issues. Timely submission of hard copies and attendance at the opening session is crucial to secure participation in this significant investment opportunity with IESCO.