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Karachi, Agha Steel Industries Limited has made an announcement concerning its privately placed debt security in the form of a Sukuk. The market lot is set at 1 with a face value of Rs. 1,000,000. The tenor of the Sukuk is 6 years, with a profit rate tied to the 3-month KIBOR plus 0.8%. The total issue size is Rs. 5,000,000,000, with an outstanding principal of Rs. 3,750,000,000. The next coupon date for this Sukuk is 09-Jan-2024.
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