Karachi September 28 2021: The Pakistan Stock Exchange is pleased to notify the listing of Privately Placed, Rated and Secured Sukuk Certificates (PPSCs) of PKR 3,000 Million of Mughal Iron & Steel Industries Limited on the Exchange w.e.f. Tuesday, September 28, 2021.
Trading in the PPSCs will commence from Wednesday, September 29, 2021 through Bond Automated Trading System (BATS) and will be settled through National Clearing Settlement System (NCSS) on T+1 basis.
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The Sukuk Certificates have a tenor of five years, inclusive of grace period of twelve months. The Sukuk Certificates offer a floating coupon rate of 3 months KIBOR plus 130 bps. The Investment Agent to the Issue is Pak Oman Investment Company Limited. Only Qualified Institutional Buyers (QIBs), are allowed to trade in the Sukuk Certificates of the Company. The Market Lot will be one Sukuk Certificate of face value of PKR 1,000,000/- each. The Company has not appointed a Designated Market Maker for this issue