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Karachi: K-Electric Limited has introduced its Sukuk, labeled KELSC5, with a face value of 5,000 and a tenor of 7 years. The profit rate is determined by the 3M KIBOR plus 1.7%. The company has reported a total issue size of Rs. 25,000,000,000 with an outstanding principal of Rs. 23,750,000,000. The subsequent coupon date is 03-11-2023.
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