The Hub Power Company Limited Introduces Sukuk

Karachi, The Hub Power Company Limited has launched its Sukuk (HUBCSC2) with a market lot of 1 and a face value of Rs. 100,000. This four-year tenor security offers a profit rate of "3M KIBOR +1.8%", with a total issue size of Rs. 7,000,000,000 and an outstanding principal of Rs. 3,500,000,000. The next coupon date is 22-Aug-2023.