K-Electric Limited Introduces Sukuk with 7-Year Tenor

Karachi, K-Electric Limited brought forth Sukuk with the symbol KELSC5, featuring a face value of Rs. 5,000 and a tenor of 7 years. This Sukuk offers a profit rate of 3M KIBOR+1.7%. The total issue size for this security is Rs. 25,000,000,000, with an outstanding principal of Rs. 23,750,000,000. The next coupon date for investors is set for 3rd November 2023.

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