The Hub Power Company Limited Launches Dual Four-Year Sukuks

Karachi: The Hub Power Company Limited has launched two four-year Sukuks. The first, with a profit rate of 3-month KIBOR plus 1.8%, has a market lot of 1 and a face value of Rs. 100,000, with a total issue size of Rs. 7,000,000,000 and an outstanding principal of Rs. 3,500,000,000. The next coupon date is 22 August 2023. The second Sukuk, pegged to 1-year KIBOR plus 1.9%, carries the same market lot and face value, with a total issue size of Rs. 5,000,000,000 and Rs. 3,750,000,000 outstanding. This coupon is due on 19 March 2024.