The latest sukuk bond, which is listed on the London Stock Exchange (LSE), has been launched after four years. Previous launches include a five-year sukuk bond of the same denomination with a 6.8 per cent return in December 2014, followed by 5.5 per cent in October 2016 and 5.6 per cent in December 2017. The issue date for the bond is January 31, 2022The sukuk is issued by the government of Pakistan through Pakistan Global Sukuk Programme Company Limited (PGSPCL), a wholly owned company of the Pakistani government. The company is the issuer and trustee of the sukuk bond, incorporated primarily for the purpose of participating in the sukuk transaction. Moody’s and Fitch Ratings, the two leading international rating agencies, had also issued fresh but unchanged ratings for the sukuk bond.

Source: Pakistan Today January 25, 2022 20:06 UTC