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

FFC harvests success with KMI-30 entry

TPL REIT plans Hoshang Project divestment

PPL JV hits new gas discovery in Sawan Field

Name	Price/Vol	%Chg/NChg
KSE100	161,935.19 239.78M	0.80% 1277.69
ALLSHR	97,989.64 672.11M	0.80% 780.92
KSE30	49,083.13 162.29M	0.73% 357.18
KMI30	231,590.57 121.07M	0.80% 1835.48
KMIALLSHR	63,730.38 301.36M	0.65% 414.39
BKTi	44,511.26 43.79M	1.00% 442.70
OGTi	31,229.10 21.20M	1.42% 438.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,045.00	100,495.00 94,230.00	-3080.00 -3.14%
BRENT CRUDE	64.29	64.87 63.36	1.28 2.03%
RICHARDS BAY COAL MONTHLY	85.00	85.00 85.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	96.45	96.45 95.75	1.20 1.26%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.95	60.65 58.71	1.26 2.15%
SUGAR #11 WORLD	14.85	15.05 14.35	0.41 2.84%