Power Holding Limited Introduces Sukuk with Varied Profit Rates

Karachi: Power Holding Limited has unveiled two Sukuk offerings, identified as PESC1 and PESC2. PESC1 comes with a tenor of 10 years and offers a profit rate of 6M KIBOR + 0.8%. The total issue size for PESC1 is a substantial Rs. 200,000,000,000, and the next coupon date is scheduled for 01-Mar-2024.On the other hand, PESC2, with a tenor of 10 years, offers a profit rate of 6M KIBOR – 0.1%. The total issue size for PESC2 is approximately Rs. 199,966,800,000, and the next coupon date is set for 21-Nov-2023.These Sukuk offerings by Power Holding Limited reflect the company’s strategy to raise funds for its operations and projects with varying profit rates, catering to diverse investor preferences in the market.