Mughal Iron & Steel Industries Limited’s Sukuk Linked to KIBOR; Next Payment in December 2023

Karachi: Mughal Iron & Steel Industries Limited has placed a Sukuk with a 5-year tenor, offering a profit rate tied to the 3-month KIBOR plus 1.3%. The Sukuk’s total issue size is PKR 3 billion, with PKR 2.437 billion still outstanding. The next coupon date is set for 02nd December 2023.

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