PREMA to raise Rs750m through private placement of Islamic Sukuk

MG News | April 08, 2025 at 11:20 AM GMT+05:00

0:00

April 08, 2025 (MLN): At-Tahur Limited (PSX: PREMA) is in the process of raising funds through a privately placed Islamic Sukuk worth Rs750 million, the company's filing on PSX revealed today.

The term sheet of the Sukuk is as follows:

Instrument Type	Rated, Secured, Privately Placed Sukuk
Purpose	To Finance Working Capital Requirements
Issue Amount	Up to Rs750m (inclusive of a Green Shoe Option of Rs150m)
Pricing	9M KIBOR + 150 BPS
Tenor	9 Months
Profit Payment Frequency	Single Payment in arrears at the End of the Instrument Tenor
Principal Repayment	Single Bullet Repayment at the End of the Instrument Tenor
Security	Ranking Charge Over Current Assets and Charge Over Biological Assets Amounting to Rs750m
Entity Rating	A- (Long Term) / A2 (Short Term)
Instrument Rating	A1

Copyright Mettis Link News

Related News

Zahur Cotton Mills renamed to Itanz Technologies Limited

PSX Closing Bell: A Dip in the Tide

First Capital negotiates debt settlement with creditors

Name	Price/Vol	%Chg/NChg
KSE100	138,217.58 221.76M	-0.27% -379.78
ALLSHR	85,223.89 604.74M	-0.07% -62.26
KSE30	42,154.95 45.94M	-0.44% -185.86
KMI30	193,082.00 44.32M	-0.24% -472.51
KMIALLSHR	55,954.08 354.16M	0.01% 8.03
BKTi	38,123.26 15.52M	-0.20% -74.70
OGTi	27,333.17 5.69M	-0.45% -124.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,810.00	118,085.00 116,275.00	990.00 0.85%
BRENT CRUDE	68.65	69.12 68.58	-0.56 -0.81%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.38	65.86 65.30	-0.57 -0.86%
SUGAR #11 WORLD	16.36	16.86 16.35	-0.46 -2.73%