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Karachi: TPL Corp Limited has solidified its market position by issuing a sukuk, TPLSC, and a TFC, TPLTFC3, each with five-year tenures. The sukuk carries a profit rate of 3M KIBOR+2.25%, and the TFC offers a slightly higher rate of 3M KIBOR+2.50%. Both instruments have an issue size of over 2 billion Rs., with their next coupons due on 23-Dec-2023 and 28-Dec-2023 respectively, demonstrating TPL’s commitment to long-term financial planning.
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