K-Electric, Pak Brunei Investment sign largest Sukuk issue of Rs 25bn with HBL and NBP
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KARACHI: Senior members of K-Electric and Pak Brunei Investment Co Ltd (trustee for the Sukuk Issue) have finally signed Rs 25 billion Sukuk document along with the representative of HBL and National Bank of Pakistan here on Tuesday.
According to the statement of K-Electric, the company will issue Pakistan’s largest ever Retail Listed Sukuk in private sector of Rs 25 billion with seven years’ tenor (including green shoe option of up to Rs 5 billion). The Suku has been rated AA+ by VIS Credit Rating Agency.
HBL is the Exclusive Shari’ah Structuring Advisor, while HBL and NBP are Joint Structuring Agents for the transaction.
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