K-Electric Limited Launches 7-Year Sukuk

Karachi, K-Electric Limited has issued a 7-year Sukuk, symbolized as KELSC5, with a market lot of 1 and a face value of Rs. 5,000. This security offers a profit rate of 3M KIBOR+1.7%. The total issue size is Rs. 25,000,000,000, with an outstanding principal of Rs. 23,750,000,000. The next coupon date is set for 03-02-2024.