Daewoo Pakistan Express Bus Services has successfully raised Rs4 billion through its third short-term Sukuk issuance, with the deal attracting 2.24 times the target amount from investors.
The oversubscription indicates strong demand for corporate debt instruments structured under Shariah-compliant principles within the Pakistani market.
325 billion, which helped establish a benchmark for pricing and investor appetite in this segment.
The successful placement comes as corporate issuers increasingly turn to Sukuk markets to diversify funding sources.
The 2.24x subscription ratio suggests that institutional and retail investors are actively seeking yield opportunities in the short-term debt segment, despite broader macroeconomic uncertainties.
This issuance follows a period of activity in Pakistan's Islamic finance market, where both sovereign and corporate entities have been expanding their use of Sukuk instruments.
The Government of Pakistan recently conducted its inaugural Short-Term Hybrid Sukuk auction, raising Rs239.325 billion, which helped establish a benchmark for pricing and investor appetite in this segment.