TPL Corp Limited Schedules Coupon Payments for Its Sukuk and TFC Instruments

Karachi, TPL Corp Limited, a diversified conglomerate, is poised to make coupon payments for two of its debt instruments as listed on the Pakistan Stock Exchange. The company’s Sukuk (TPLSC) and Term Finance Certificates (TPLTFC3) are both scheduled for their respective coupon payments on March 23, 2024, and March 28, 2024. Each of these privately placed debt securities has a market lot of 1, with a face value of PKR 100,000 and a tenure of 5 years. The Sukuk boasts an issue size of PKR 2.19 billion, while the TFC has a slightly higher issue size of PKR 2.265 billion. These financial activities underscore TPL Corp’s efforts in managing its capital requirements and investment strategies effectively.