K-Electric Limited Debuts Sukuk Security

Karachi, K-Electric Limited has entered the debt market with its Sukuk security (KELSC5), valued at Rs. 5,000 per unit. This issuance features a “3M KIBOR +1.7%” profit rate, covering a total issue size of Rs. 25,000,000,000 and an outstanding principal of Rs. 23,750,000,000. The next coupon date for this security is 03-02-2024.

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