By anas on Thursday, 24 April 2014
Category: Muslim Businesses Blog

Pakistan's Engro Corp plans two-tranche listed sukuk

By Bernardo VizcainoApril 24 (Reuters) - Pakistani conglomerate Engro CorpEGCH.KA , a former unit of Exxon Mobil Corp XOM.N , plans to raise as much as 4 billion rupees ($40.9 million) through listed sukuk (Islamic bonds), Pakistan Credit Rating Agency Limited said.The proposed sukuk would be secured and offered in two tenors: a three-year 3 billion rupee tranche with a 13 percent profit rate, and
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