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Karachi: K-Electric Limited has issued a seven-year Sukuk, KE LSC 5, with a market lot of 1 and a face value of Rs. 5,000. The profit rate follows the 3-month KIBOR plus 1.7%. The total issue size stands at Rs. 25,000,000,000, with Rs. 23,750,000,000 outstanding. Coupon payments are due next on 3 February 2024.
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