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Karachi: K-Electric Limited has issued a 7-year Sukuk with each unit valued at a face value of Rs. 5,000. The rate of return is determined by the 3-month KIBOR with an addition of 1.7%. The total issue size has reached Rs. 25 billion, and the current outstanding principal stands at Rs. 23.75 billion. Holders of this Sukuk can expect the next coupon to be disbursed on 03 February 2024.
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