Power Holding Limited Issues Dual Ten-Year Sukuks

Karachi: Power Holding Limited has issued two ten-year Sukuks. The first Sukuk, with a profit rate of 6-month KIBOR plus 0.8%, has a market lot of 1 and a face value of Rs. 5,000, totaling an issue size of Rs. 200,000,000,000, fully outstanding. The next coupon is scheduled for 01 March 2024. The second Sukuk presents a profit rate of 6-month KIBOR minus 0.1%, with the same market lot and face value, and an equivalent issue size, also fully outstanding. This coupon is due on 21 November 2023.