The Hub Power Company Limited Offers Competitive Returns with Sukuk Issuances

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.