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Karachi: TPL Corp Limited has recently made an announcement regarding the issuance of Sukuk, denoted as TPLSC, with a face value of Rs. 100,000. The tenor for this Sukuk is set at 5 years and has a profit rate based on 3M KIBOR + 2.25%. The total issue size of this security amounts to Rs. 2,190,000,000, which is also the outstanding principal. Investors can anticipate the next coupon date to be on 23-Dec-2023.
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