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Karachi: Mughal Iron & Steel Industries Limited has entered the debt market with the issuance of Sukuk, identified with the symbol MUGHALSC. This security, with a 5-year tenor, is traded in a market lot of one and has a face value of Rs. 1,000,000. It boasts a profit rate pegged to 3M KIBOR + 1.3%. The total issue size stands at Rs. 3,000,000,000. The company has set the next coupon date for 2nd December 2023.
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