POWER HOLDING LIMITED SECURES LONG-TERM FUNDING WITH 10-YEAR SUKUK

Karachi, (PPI Bot): Power Holding Limited has secured long-term funding with a 10-year Sukuk (PESC1), marked with a market lot of 1 and a face value of PKR 5,000. These Sukuk bear a profit rate of 6M KIBOR + 0.8%, underlining the company’s significant issue size of PKR 200,000,000,000, which remains entirely outstanding. The next coupon is anticipated on 01-Mar-2024.

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