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Karachi, K-Electric Limited has secured long-term financing with a seven-year Sukuk (K E LS C 5) at a profit rate of 3M KIBOR+1.7%. With a face value of Rs. 5,000 per lot, the total issue size stands at Rs. 25,000,000,000, out of which Rs. 23,750,000,000 remains outstanding. The next coupon date is set for 03-02-2024, underlining K-Electric’s strategic move to bolster its financial structure.
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