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Karachi: Agha Steel Industries Limited has secured a six-year tenor funding through a Sukuk issuance, with a market lot of 1 and a face value of Rs. 1,000,000. The profit rate is pegged to 3-month KIBOR plus 0.8%. The total issue size is Rs. 5,000,000,000, with Rs. 3,750,000,000 remaining as the outstanding principal. The next coupon payment is expected on 09 January 2024.
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