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Karachi: The Hub Power Company Limited (HUBCSC2) and (HUBCSC4) have both announced the issuance of Sukuk securities. HUBCSC2 will have a market lot size of 1 and a face value of Rs. 100,000, with a tenor of 4 years and a profit rate of “3M KIBOR + 1.8%.” The total issue size for HUBCSC2 is Rs. 7,000,000,000, and the next coupon date is scheduled for 22-Aug-2023. HUBCSC4, on the other hand, will also have a market lot size of 1 and a face value of Rs. 100,000, with a tenor of 4 years and a profit rate of “1 Yr KIBOR + 1.9%.” The total issue size for HUBCSC4 is Rs. 5,000,000,000, and the next coupon date is set for 19-Mar-2024.
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