K-Electric to issue rated and listed Sukuks of up to Rs25bln

MG News | February 08, 2019 at 12:55 PM GMT+05:00

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February 8, 2019 (MLN): The Board of Directors of K-Electric Company Limited, in its meeting held on February 8, 2019, has approved the issue of KE rated and listed SUKUK of up to Rs. 25 billion, including green shoe option of up to Rs. 5 billion.

The proceeds of SUKUK will be primarily utilized to meet the permanent working capital requirements of the company and ongoing routine capital expenditures on generation, transmission and distribution.

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