Power Holding Limited Discloses Two Sukuk Issues

Karachi: Power Holding Limited has released details on two of its Sukuks. The first, symbolized as PESC1, has a tenor of 10 years and a profit rate of 6M KIBOR + 0.8%. The face value is set at 5,000 with the total issue size and outstanding principal both amounting to 200,000,000,000. Its next coupon date is 01-Mar-2024. The second Sukuk, PESC2, similarly has a 10-year tenor, but a profit rate of 6M KIBOR – 0.1%. It shares the same face value and has a total issue size and outstanding principal of 199,966,800,000. Its next coupon date is set for 21-Nov-2023.