July 20, 2020 (MLN): K-Electric has launched a Listed Sukuk of up to PKR 25,000 million (inclusive of PKR 5,000 million Green Shoe option). The Sukuk is secured, having a tenor of seven years and has been rated AA+ by VIS credit rating agency.
Out of the total Issue size of PKR 25,000 million, PKR 23,708 million has been successfully raised through Pre-IPO placement and PKR 1,292 million is being offered to the general public by way of Initial Public Offer. The Sukuk will be listed on Pakistan Stock Exchange.
Copyright Mettis Link News