K-Electric Limited Offers Sukuk with Attractive Interest Rate

Karachi, K-Electric Limited has issued a 7-year Sukuk, KELSC5, as revealed in its financial statements to the Pakistan Stock Exchange. The Sukuk, with a market lot of 1 and a face value of Rs. 5,000, offers an interest rate of 3M KIBOR + 1.7%. It has a substantial total issue size of Rs. 25 billion, with Rs. 23.75 billion still outstanding. The next coupon date for this security is set for February 3, 2024, indicating K-Electric’s significant presence in the energy sector’s financial market.