JS Bank’s investment banking group has been the pioneer of numerous landmark transactions brought to the domestic capital markets. The group’s legacy dates back to the 90’s through a closely held partnership with the then eminent Bear Stearns. More recently, the investment banking group has been an advisor and arranger to

• Pakistan’s first ever local currency Islamic Sukuk
• First ever subordinated TFC issue in Pakistan
• First 10 year corporate bond
• First TFC issue with a conversion option
• First perpetual bond
• First commercial paper
• First floating rate TFC issue

With a precedence of both volume and innovation in transactions, for some of the largest corporations in the country, the group continues to offer market-leading investment banking and ancillary services as an integral part of JS Bank. We have an impeccable track record of successfully executing a wide array of large capital transactions, often under challenging economic and time considerations.

Products and Services

Under the investment banking umbrella, our range of activities include corporate debt origination and syndication, underwriting, coordinating as bankers to the issue, and facilitating trusteeship and agency services.

Corporate Finance Advisory
The Investment Banking Group provides a comprehensive range of Corporate Finance Advisory services in the Debt Capital Markets, including Mergers and Acquisitions and Project Finance Advisory. We provide independent capital markets recommendations and financial valuation and due diligence advice, or as an integral part of managing a comprehensive Advisory and Arrangement transaction.

Arrangement and Placement of Securities
The Investment Banking Group’s distribution team is one of the market’s leading corporate debt arrangers through a variety of structured and vanilla Term Finance Certificates as well as Shariah-compliant product offerings. Our solutions-oriented approach, excellent pricing, and unmatched distribution capabilities continue to make us one of the leading TFC arrangers in the local market, both by volume and value.

Trust and Security Services
A dedicated team manages and monitors various aspects of trust and security services, including acting in the capacity of a trustee or/and an agent to various corporate debt offerings and playing an active role in structuring and maintaining special purpose accounts.

Underwriting
We have substantial underwriting appetite for handling large capital market issues, both at Private Placement (“Pre-IPO”) and Initial Public Offer (“IPO”) stages. Till date, we have underwritten majority of the issues brought to the local markets of Pakistan.

Bankers to the issue
We act as Bankers to the Issue for IPO transactions, in both equity as well as debt capital markets. Despite a limited, albeit a rapidly growing, network of branches, this is a substantial business for JS Bank through a pro-active initiative in actively marketing Public Offers.

Closed Transaction Archive

Our transaction archive can be accessed to view a selection of successfully closed deals.

Year	Client	Type of Financing	Amount	Role
2008	Pak American Fertilizer Limited	Privately Placed Term Finance Certificates III and Syndication	1 billion	Joint Advisor & Arranger
2008	Pakistan Mobile Communications Limited (Mobilink)	Listed Unsecured Term Finance Certificates	4.256 billion	Joint Advisor & Arranger
2008	OBS Pakistan Private Limited	Acquisition Finance and Syndication	570 million	Joint Advisor & Arranger
2008	Pak American Fertilizer Limited	Privately Placed Term Finance Certificates II and Syndication	6.9 billion	Joint Lead Arranger
2007	Karachi Shipyard and Engineering Works Limited	Government Guaranteed Sukuk	4.2 billion	Joint Advisor & Arranger
2007	Pakistan Mobile Communications Limited (Mobilink)	Short Term Privately Placed Term Finance Certificates	2.5 billion	Joint Advisor & Arranger
2007	Azgard9 Limited	Privately Placed Term Finance Certificates	2.5 billion	Joint Lead Arranger
2007	Al Abbas Sugar Mills Limited	Privately Placed Term Finance Certificates	750 million	Joint Lead Arranger
2007	Sitara Chemicals Industries Limited	Diminishing Musharaka Sukuk	1.1 billion	Joint Advisor & Arranger
2007	Pak American Fertilizer Limited	Privately Placed Term Finance Certificates	1.5 billion	Joint Lead Arranger
2007	First Dawood Investment Bank Limited	Privately Placed Term Finance Certificates	345 million	Exclusive Advisor & Arranger
2007	Engro Chemical Pakistan Limited	Listed Term Finance Certificates	4 billion	Joint Advisor & Arranger
2007	Optimus (Hertz)	Privately Placed Term Finance Certificates	500 million	Exclusive Advisor & Arranger
2007	KASB Securities	Privately Placed Term Finance Certificates	500 million	Exclusive Advisor & Arranger
2007	Jahangir Siddiqui & Co. Ltd.	Privately Placed Term Finance Certificates	1.25 billion	Exclusive Advisor & Arranger
2006	Allied Bank Limited	Listed Term Finance Certificates	2.5 billion	Joint Lead Advisor & Arranger
2006	Jahangir Siddiqui & Co. Ltd.	Listed Term Finance Certificates	1.1 billion	Exclusive Advisor & Arranger
2006	United Bank Limited	Listed Term Finance Certificates	2 billion	Joint Lead Advisor & Arranger
2006	Azgard9 Limited	Acquisition Financing Privately Placed Term Finance Certificates	11.906 billion	Advisor & Arranger
2006	Worldcall Telecom Limited	Listed Term Finance Certificates	350 million	Exclusive Advisor & Arranger
2006	Pakistan Mobile Communications Limited (Mobilink)	Listed Term Finance Certificates	3.261 billion	Joint Advisor & Arranger
2006	Water and Power Development Authority (WAPDA)	Government Guaranteed Sukuk	8 billion	Joint Arranger
2005	Jahangir Siddiqui & Co. Ltd.	Listed Term Finance Certificates	500 million	Exclusive Advisor & Arranger
2005	Azgard9 Limited	Convertible Listed Term Finance Certificates	2.4 billion	Lead Advisor & Arranger
2005	United Bank Limited	Listed Term Finance Certificates	2 billion	Joint Lead Advisor & Arranger
2004	The Resource Group	Privately Placed Term Finance Certificates I and II	1.35 billion	Advisor & Arranger
2003	Pakistan Mobile Communications Limited (Mobilink)	Privately Placed Term Finance Certificates	2.5 billion	Joint Advisor & Arranger
2003	Al Abbas Sugar Mills Limited	Privately Placed Term Finance Certificates	350 million	Exclusive Advisor & Arranger
2002	Muslim Commercial Bank Limited	Listed Term Finance Certificates	1.6 billion	Joint Advisor & Arranger
2002	Sui Southern Gas Company	Listed Term Finance Certificates	1.25 billion	Joint Advisor & Arranger
2002	Worldcall Telecom Limited	Listed Term Finance Certificates	350 million	Exclusive Advisor & Arranger
2001	Nishat Group	Listed Term Finance Certificates	600 million	Joint Advisor & Arranger
2001	Dawood Leasing Company Limited	Listed Term Finance Certificates	250 million	Exclusive Advisor & Arranger
2001	Gulistan Textile Mills Limited	Listed Term Finance Certificates	300 million	Joint Advisor & Arranger
2001	ICI - Pakistan PTA Limited	Listed Term Finance Certificates	1.6 billion	Joint Advisor & Arranger
2001	Pakistan Industrial Leasing Corporation (PILCORP)	Listed Term Finance Certificates II	325 million	Exclusive Advisor & Arranger
2000	Water and Power Development Authority (WAPDA)	Government Guaranteed Sukuk	8 billion	Joint Arranger
1999	Pakistan Industrial Leasing Corporation (PILCORP)	Listed Term Finance Certificates I	325 million	Exclusive Advisor & Arranger
1994	Government of Pakistan	Sovereign Eurobond Offer	USD 150 million	Joint Arranger