PKR 2.5 Billion Medium Term Sukuk Issue Of Mughal Iron & Steel

Mohsin Tayebaly & Co. was engaged as transaction legal counsel with respect to the issuance of rated, privately placed, secured, medium-term, Shariah Compliant Sukuk Certificates by Mughal Iron & Steel Industries Limited in the aggregate amount of up to PKR 2,500,000,000/- (Pak Rupees Two Billion Five Hundred Million) inclusive of a PKR 500,000,000/- (Pak Rupees Five Hundred Million) green shoe option, 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 Value Team (Private) Limited was the Mandated Lead Advisor & Arranger.

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 Yawar Burki (Associate), Zain Ansari (Associate) and Jehangir Kamran (Associate).