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Karachi, The Hub Power Company Limited has issued two Sukuks, HUBCSC2 and HUBCSC4, presenting competitive returns in the market. The HUBCSC2, with a market lot of 1 and a face value of Rs. 100,000, offers a 4-year tenor and a profit rate of “3M KIBOR + 1.8%”. The HUBCSC4, also with a market lot of 1 and the same face value, offers a 4-year tenor and a profit rate of “1 Yr KIBOR + 1.9%”. Both have total issue sizes of Rs. 7,000,000,000 and Rs. 5,000,000,000, respectively, with substantial outstanding principals. The next coupon dates are set for 22-Aug-2023 and 19-Mar-2024.
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