Loads Limited to issue ICP worth Rs2.1bn in three equal tranches

News Image

By MG News | May 20, 2022 at 10:15 AM GMT+05:00

0:00

May 20, 2022 (MLN): The Board of Directors of Loads Limited have approved the issuance of redeemable capital in the form of rated, privately placed and unsecured Islamic Commercial Paper ("ICP") notes in scripless form inducted in the CDS, company’s filing on bourse showed today.

As per the notice, the ICP will be issued by way of private placement in the aggregate amount of up to Rs2.1 billion inclusive of a greenshoe option of Rs600 million.

Further, the ICP Issue will be issued in three equal tranches of Rs700 million each, inclusive of a greenshoe option of Rs200 million each.

The proceeds from all three tranches of ICP Issue will be utilized for the working capital requirements of the Company,” the notice said.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,827.35
79.03M
-0.43%
-575.84
ALLSHR 83,081.74
442.78M
-0.13%
-106.31
KSE30 40,404.29
29.82M
-0.61%
-247.17
KMI30 191,056.15
34.08M
-0.54%
-1027.77
KMIALLSHR 55,764.47
226.97M
-0.15%
-83.23
BKTi 36,239.74
4.58M
-0.50%
-183.14
OGTi 28,288.47
6.56M
-0.52%
-149.14
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,020.00 109,545.00
108,625.00
-195.00
-0.18%
BRENT CRUDE 69.96 70.09
69.85
-0.19
-0.27%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.14 68.27
67.78
-0.19
-0.28%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg