K-Electric Limited Sets May 2024 Coupon Date for 7-Year Sukuk

Karachi, K-Electric Limited has successfully launched a 7-Year Sukuk, designated as KELSC5, with a 3M KIBOR + 1.7% profit rate. This issuance, featuring a market lot of 1 and a face value of Rs. 5,000, aims to support the company’s financial structuring and operational expansion. The total issue size reached Rs. 25,000,000,000, with an outstanding principal of Rs. 23,750,000,000. Sukuk holders are looking forward to the next coupon date on May 3, 2024.