IESCO Invitation for Bids: Investment of Rs.10,741M (Retirement) & Rs.9,746M (Consumer Security) in TDRs & T-Bills

Issuer: Islamabad Electric Supply Company (IESCO). Purpose: Invitation for bids/proposals from banks for placement of IESCO funds in Term Deposit Receipts (TDRs) and Pakistan Investment Bonds/T-Bills. Total amounts: Rs.9,746 million (IESCO Consumer Security Deposit) and Rs.10,741 million (Plan Assets for Retirement Benefits).

Key conditions and participation instructions:

• Bidding documents and submission will be managed through the e-procurement/e-bidding portal (E-PADS Version 1.0). Interested banks must be registered on the portal to participate.
• Each participating bank must submit/upload a single bid for each lot separately on the e-portal.
• Banks must meet minimum rating criteria: Short-term rating of A-1 and minimum Long-term rating of AA- (as per latest credit ratings available on the State Bank of Pakistan website). Banks should provide documentary evidence of current short-term and long-term ratings issued by the relevant rating agency.
• Additional eligibility, nomination and investment concentration rules apply (including limits on single-bank exposure for Pension Fund). Bidders must follow the detailed bidding documents on the e-portal.

Structured lot details (amounts in millions of rupees):

Submission and contact:

Bids must be submitted/uploaded via the E-PADS e-procurement portal. Bidding documents (including full terms, formats, and opening procedures) will be available on the portal. For further information and submission correspondence, contact the Secretary, Management Investment Committee, IESCO Head Quarter, Street No. 40, Sector G-7/4, Islamabad.

Note: Refer to the official e-procurement posting for exact bid deadlines, opening times, bid security amounts, and any other procedural details.