Power Holding Limited Anchors Massive Funding with Two Ten-Year Sukuks

Karachi, Power Holding Limited has placed two substantial Sukuks on the Pakistan Stock Exchange. The first, “PESC1,” is a ten-year Sukuk with an unprecedented total issue size of Rs. 200 billion, which is entirely outstanding. Its next coupon date is set for March 1, 2024. Following suit, the second Sukuk, “PESC2,” mirrors the first in tenure and size, also with an upcoming coupon payment due on May 21, 2024. Each Sukuk unit holds a market lot size of 1 and a face value of Rs. 5,000, marking Power Holding Limited’s commitment to extensive, long-term financing.