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PSX approves the listing of Pakistan Energy Sukuk-I of Rs 200 Billion of Power Holding Ltd

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October 23, 2019 (MLN): The Pakistan Stock Exchange, via a notification on Wednesday, has announced the listing of the Privately Placed Pakistan Energy Sukuk-l of Rs. 200 billion of Power Holding Limited (PHL) under its Privately Placed Debt Securities’ Listing Regulations.

The said Sukuk Certificates will be listed on the Exchange with effect from October 24, 2019, and trading Sukuk Certificates will commence one day after the date of the formal listing i.e. October 25, 2019, through Bond Automated Trading System (BATS) and will be settled through National Clearing Settlement System (NCSS) on T+1 settlement basis.

Moreover, individuals shall be allowed to hold Sukuk issued by PHL. The Market Lot will be one certificate of the face value of Rs. 5000 each.

The National Clearing Company of Pakistan has assigned the Security Symbol “PESC1” to the Sukuk Certificates of the Company.

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Posted on: 2019-10-23T13:36:00+05:00

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