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Karachi: K-Electric Limited has declared the issuance of a 7-year Sukuk with the symbol KELSC6. According to the recent disclosures on the Pakistan Stock Exchange (PSE), the market lot for the Sukuk is 1, and it holds a face value of 100,000 Rs. The profit rate is determined by the 3M KIBOR plus an additional 1.7%. The total size of this issue is 6,700,000,000 Rs., while the outstanding principal mirrors the same at 6,700,000,000 Rs. Investors can expect the next coupon payment on 23-Nov-2023.
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