K-Electric Limited Debuts Sukuk with Seven-Year Tenure

Karachi, K-Electric Limited has issued a Sukuk, KELSC6, with a tenure of 7 years. This privately placed debt security has a market lot size of 1 unit valued at Rs. 100,000, with the total issue amounting to Rs. 6.7 billion. The next coupon payment is due on May 23, 2024.