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Home Business K-Electric plans Rs25b Sukuk

K-Electric plans Rs25b Sukuk

by admin
December 25, 2019
in Business

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Staff Reporter

Karachi

K-Electric plans to issue Pakistan’s largest ever Retail Listed SUKUK in private sector of Rs. 25 Billion with seven years’ tenor (including green shoe option of up to PKR 5 Billion), which has been rated AA+ by VIS Credit Rating Agency.
Picture shows senior members of K-Electric and Pak Brunei Investment Co. Ltd. (Trustee for the Sukuk Issue) signing the Sukuk documents along with representatives of HBL and NBP. HBL is the Exclusive Shari’ah Structuring Advisor, while HBL and NBP are Joint Structuring Agents for the transaction.