K-ELECTRIC LIMITED PURSUES LONG-TERM FINANCING WITH SEVEN-YEAR SUKUK

Karachi, (PPI Bot): K-Electric Limited is pursuing long-term financing with seven-year Sukuk (KELSC6), each with a market lot of 1 and a face value of PKR 100,000. The Sukuk offer a profit rate of 3M KIBOR + 1.7%, with a total issue size of PKR 6,700,000,000, which remains fully outstanding. The next coupon is due on 23-Feb-2024.

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