Investment of IESCO Consumer Security Deposit in Term Deposit Receipt TDR and T-Bills

Islamabad Electric Supply Company Ltd (IESCO) is inviting offers from 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 Islamabad Electric Supply Company Ltd (IESCO), located in Islamabad. The investment will be made through banks that fulfill the criteria of having a minimum Short-Term Rating of A1+ and a minimum Long-Term Rating of AAA as per the latest credit rating available on the State Bank of Pakistan website. 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 uploaded on E-Pads Version 1.0 platform for public and private sector banks. Banks are required to submit two offer letters in a separate envelope: one for Term Deposit Receipt and one for Treasury Bills. The investment process will be conducted online, with the opening of bidding documents scheduled for 12-08-2026 at 11:00 AM in the Committee Room of IESCO Headquarters, Sector G-7/4 Islamabad. Banks must bring a letter indicating their current short-term and long-term ratings as issued by the State Bank of Pakistan. The total fund base is Rs. 12,182 million, with no more than 20% of the consumer security deposit to be invested in a single bank, amounting to Rs. 2,436 million per bank. Each eligible bank is requested to send its representative on time along with the bid submitted on E-Pads version 1.0. The validity of profit rates should be at least 7 days from 12-08-2026, extendable on request. In case of holidays or strikes, the proposal opening will be postponed to the next working day at the same time and venue. Eligibility requires banks to have the specified credit ratings and to be registered with the State Bank of Pakistan. The tender does not specify PEC categories as it is a financial investment service. The submission deadline is 12-08-2026 by 11:00 AM at IESCO Headquarters, Sector G-7/4 Islamabad. A practical tip for bidders is to ensure timely registration on the E-Pads platform and to prepare all required documents, including rating letters and offer letters, well in advance to avoid last-minute issues during submission.