Karachi: Pakistan Stock Exchange Limited (PSX) has announced the placement of a draft prospectus for K-Electric Limited's Sukuk Certificates on its website for public commentary. This move is part of the company's efforts to list its rated, unsecured, short-term Sukuk Certificates on the exchange, with a total issue size of PKR 3,000 million.

The draft prospectus outlines the issuance of PKR 1,000 million to Pre-IPO investors, while PKR 2,000 million is being offered to the general public. This public offering includes a Green-Shoe option of PKR 1,000 million. The initiative is in accordance with Circular No. 16 of 2023, dated November 08, 2023, as notified by the Securities & Exchange Commission of Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), the draft prospectus has been made accessible to facilitate transparency and invite public feedback. The document is available under the section titled "Public Comments on Draft Prospectus of Sukuk Certificates of K-Electric" on the PSX website.

Stakeholders and interested parties are encouraged to review the details of the issuance through the attached draft prospectus. The public commentary period is part of the regulated process to ensure comprehensive stakeholder engagement prior to the formal listing of the Sukuk Certificates.