EPCL completes the Sukuk issue of Rs.8.75 billion

MG News | January 16, 2019 at 03:05 PM GMT+05:00

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January 16, 2019 (MLN): Engro Polymer and Chemicals Limited (EPCL) has successfully completed the Sukuk issue of Rs.8.75 billion carrying a rental rate of 3M KIBOR +0.9% over a tenor of 7.5 years.

As per a formal announcement issued to the Pakistan Stock exchange (PSX), the purpose of this Sukuk was to re-profile the long-term loans of the Company appearing on its books as at December 31, 2017.

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