PREMA to raise Rs750m through private placement of Islamic Sukuk
MG News | April 08, 2025 at 11:20 AM GMT+05:00
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 |
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