- August 6, 2026
- Posted by: Tresmark
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Mughal Iron & Steel Industries Limited (PSX: MISIL) has successfully issued Rs2 billion worth of rated, secured, privately placed, OTC-listed, mid-term Sukuk-VIII to Qualified Institutional Buyers (QIBs), the company informed the Pakistan Stock Exchange on Thursday.
The company said the amount represents the minimum subscription under the issue. The Sukuk carries a three-year tenor and the proceeds will be used to meet the company's working capital requirements. The transaction was completed on August 5, 2026, the issue date.
MISIL added that the total issue size is up to Rs2.5 billion, including a Green Shoe Option of Rs500 million. The Green Shoe Option remains open, and the company will separately notify the exchange if the additional amount is successfully placed.
