Power Division raises Rs200b through Islamic Sukkuk at all-time less than Kibor rate
Power Division has raised 200 billion rupees through Islamic Sukkuk at all-time less than Kibor rate.
This was done though comparative book building at Pakistan Stock Exchange though an open and transparent process.
The loan will substitute more expensive loans of the power sector.
Compared to the previous loans and Sukkuk, the current Sukkuk will save about 19 billion rupees of debt servicing over 10 years’ time.
Source: Radio Pakistan