TPL Trakker settles Sukuk II early, clears principal and profit payments

TPL Trakker Limited has completed early settlement of its Sukuk Certificates – II, clearing both principal and profit payments ahead of the original maturity date.

The company informed the Pakistan Stock Exchange on Tuesday that the Sukuk, issued on March 30, 2021 for a five-year tenure, were fully settled on March 19, 2026.

Following the early payment, the instruments now stand matured and discharged. The company said the move reflects adjustments in its capital structure and financing position.

The early settlement is expected to reduce financing costs and improve financial flexibility, according to the disclosure.

TPL Trakker directed that the information be communicated to trading right entitlement certificate holders of the exchange.