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Karachi, K-Electric Limited has issued a seven-year Sukuk, “KELSC6,” to raise funds for its operations. This Islamic financial instrument has a total issue size of Rs. 6.7 billion, with an equivalent outstanding principal. With a market lot of 1 and a face value of Rs. 100,000, the next coupon date is scheduled for February 23, 2024, showcasing the company’s initiative to tap into long-term funding solutions.
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