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Karachi: Mughal Iron & Steel Industries Limited has announced the placement of Sukuk with a 5-year tenure and a face value of Rs. 1,000,000 each. The Sukuk is structured with a profit rate of 3-month KIBOR plus 1.3%. This issuance totals Rs. 3,000,000,000, with the subsequent coupon payment scheduled for 2 December 2023.
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