AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Mughal Iron & Steel Industries Limited, a prominent player in Pakistan’s steel industry, has announced the issuance of Sukuk with the symbol MUGHALSC. These Sukuk come with a tenor of 5 years and offer a profit rate of 3M KIBOR + 1.3%. The total issue size for these Sukuk is Rs. 3,000,000,000, with the next coupon date scheduled for 02-Dec-2023.Investors and industry analysts will closely monitor the response to Mughal Iron & Steel Industries Limited’s Sukuk offering, as it represents an important financing move in the steel sector. The funds raised through this Sukuk issuance may be utilized for the expansion and development of the company’s operations.
Check Also
Pakistan Ready to Collaborate for Democratic UNSC, Says Ambassador Asim
New york: Pakistan stands ready to work with Africa and all partners for a just, democratic, and representative Security Council, truly reflective of the Charter's promise and responsive to the realities of our time. This was stated by the Permanent R...