PSX Notifies Listing of Pakistan Energy Sukuk-II worth Approximately PKR 200 Billion

The Pakistan Stock Exchange (PSX) has notified the listing of the Pakistan Energy Sukuk-II (PES-II) of PKR 199.9668 billion by Power Holding Limited (PHL) with effect from the 28th of July 2020 according to local media reports. The National Clearing Company of Pakistan Limited has assigned the security symbol ‘PESC2’ to the Sukuk certificates.

According to local media reports, trading of the privately placed Sukuk certificates began from the 29th of July 2020 through Bond Automated Trading System and will be cleared via the National Clearing Settlement System on a T+1 basis.

The PES-II, which has a ten-year maturity period, offers a floating coupon rate of 6-month KOBOR...