Jazz Completes PKR 15 Billion Sukuk Issuance to Drive 4G Expansion

KARACHI: Jazz, a major telecom operator in Pakistan, completed its second unsecured, privately placed Sukuk issuance, raising PKR 15 billion. This short-term Sukuk, backed by Askari Bank, was oversubscribed by four times, indicating strong demand from non-bank investors and confidence in Jazz’s market position. Largest Short-Term Sukuk in Telecom Sector The Sukuk issuance is the largest …

Exit mobile version