Thatta Cement concludes Rs5.5bn sukuk transaction
MG News | October 13, 2025 at 03:35 PM GMT+05:00
October 13, 2025 (MLN): Thatta Cement
Company Limited (THCCL) has successfully initiated closure of its Rated,
Secured, Listed, and Privately Placed Long-Term Islamic Sukuk transaction,
amounting to Rs5.5 billion.
In a disclosure to the Pakistan Stock
Exchange (PSX), the company stated that the Sukuk carries a tenor of four
years and offers investors a profit rate of six-month KIBOR plus 2.5%,
with principal and profit payments scheduled on a semi-annual basis.
The instrument has received a “AA-”
rating from VIS Credit Rating Company Limited.
Thatta Cement expressed gratitude to
all investors for their confidence and participation in the Sukuk issuance.
The company also acknowledged AKD
Securities Limited, the Financial Advisor and Arranger for the transaction,
for its guidance and support in ensuring a smooth and timely closure.
“We extend our sincere appreciation to all stakeholders, investors, and advisors whose trust and contributions made this transaction a success,” the company said in its statement.
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