TPL Corp Limited Raises Funds Through Sukuk and TFC

Karachi, (PPI Bot): TPL Corp Limited has raised funds through both a Sukuk and a Term Finance Certificate (TFC). The Sukuk, coded TPLSC, carries a market lot of 1 and a face value of PKR 100,000, with a profit rate of 3M KIBOR + 2.25% over five years. The total issue size and the outstanding principal both stand at PKR 2.19 billion, with the next coupon due on 23-Dec-2023. Additionally, the company's TFC, TPLTFC3, also has a market lot of 1 and a face value of PKR 100,000, offering a profit rate of 3M KIBOR + 2.50% over five years. It has a total issue size of PKR 2.265 billion, which remains the same for the outstanding principal, with the coupon payment expected on 28-Dec-2023.