TPL Corp Limited Announces Two 5-Year Sukuks

Karachi: TPL Corp Limited has announced the issuance of two Sukuks, TPLSC and TPLTFC3, each with a market lot of 1 and a face value of PKR 100,000. The TPLSC is a 5-year Sukuk with a profit rate of 3-month KIBOR plus 2.25%, with both the total issue size and the outstanding principal at PKR 2,190,000,000. The next coupon date is scheduled for 23rd December 2023. The TPLTFC3 is another 5-year Sukuk with a profit rate of 3-month KIBOR plus 2.50%, with a total issue size and outstanding principal of PKR 2,265,000,000, with a coupon date due on 28th December 2023.