PKR 2 Billion Short-term Sukuk Issue Of Daewoo Pakistan Express Bus Service Limited

Mohsin Tayebaly & Co. acted as transaction legal counsel with respect to the issuance of rated, privately placed, secured, short-term, Shariah Compliant Sukuk Certificates by Daewoo Pakistan Express Bus Service Limited in the aggregate amount of PKR 2,000,000,000/- (Pak Rupees Two Billion), for which purpose Pak Oman Investment Company Limited was appointed as the Investment Agent and the Musharaka Agent, Al-Hilal Shariah Advisors (Private) Limited acted as the Shariah Advisor, and KTrade Securities Limited and Pak Oman Investment Company Limited acted as the Mandated Joint Lead Advisors & Arrangers.

The Firm’s scope of work included full scope investor side advisory.

MTC’s team in this matter was led by Vaseeq Khalid (Partner) and included Kamil Tayebaly (Senior Associate), Arsalan Abid Bachani (Associate) and Jehangir Kamran (Associate).