Sukuk - K-Electric

Sukuk

KEL Sukuk 5 (PKR 25,000 million)

In Aug 2020, KE listed its Rated and Secured Diminishing Musharakah Sukuk certificates of PKR 25,000 million on Pakistan Stock Exchange. Out of the total issue size, PKR 23,708 million were raised through Pre-IPO placement and PKR 1,292 million were offered to general public. Tenor of the issue is seven years (inclusive of a two-year grace period) and will be redeemed in 20 equal quarterly payments.

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Sukuk-Ul-Shirkah (PKR 22,000 million)

In 2015, after the tremendous success of the KE AZM Sukuk, KE launched the Sukuk-ul-Shirkah (Shirkat-ul-Milk), worth PKR 22,000 million, out of which PKR 7,000 million was offered to the general public. The proceeds were utilised to prepay long-term loans to the International Finance Corporation and the Asian Development Bank.

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