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Karachi, Mughal Iron & Steel Industries Limited has launched a Sukuk security (MUGHALSC) with a market lot of 1 and a face value of Rs. 1,000,000. This five-year tenor security offers a profit rate of “3M KIBOR +1.3%”. The total issue size is Rs. 3,000,000,000, with an outstanding principal of Rs. 2,437,500,000. The next coupon date is scheduled for 02-Mar-2024.
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