The Pre-Qualification Committee (PQC) constituted by the PC Board jointly administered by the Privatisation Commission (PC) and the Finance Division including members from SECP, PNR ministry and OGDCL.
The Pre-Qualification Committee (PQC) headed by a PC Board member, has evaluated the RFP package during a presentations session by the interested parties, which has formulated its recommendations for necessary considerations by PC Board in its upcoming meeting being scheduled on Saturday May 7, 2011 under the chairmanship of the Federal Minister for Privatisation Ghous Bux Khan Mahar who is also Chairman of the Privatisation Commission.
The PC has received Requests for Proposal (RFP) of Qualification (RSOQ) from four consortia within the stipulated timeline who had submitted the Expression of Interest (EoI) for the appointment of Financial Advisory Consortia for the issuance of Oil & Gas Development Company Limited Exchangeable Bonds by magnetising up to 10 percent of Government of Pakistan shareholding (up to 430,000,000 shares) in OGDCL (Transactions).
The PC had earlier received EoIs from four consortia, which include 1. Bank of America/Merrill Lynch, Barclays Bank, SCB, and KASB; 2.
HSBC, BNP PARIBAS, UBS, NIB, and NBP, 3. Citibank, J.P. Morgan, Credit Suisse, and BMA 4. Nomura, Deutsche Bank, and Silk Bank and these consortia were issued Request for Proposal (RFP) package for inviting technical and financial proposals. In accordance with the timeline set for the issuance of OGDCL's Exchangeable Bonds, the transaction is expected to complete by last week of next month.-PR
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