Analyst
Ayesha Qasim
ayesha.qasim@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
Related Research
TFC I Issued by Pakistan Refinery Fully Redeemed: Rating Withdrawn
Issuer | Pakistan Refinery Limited |
Instrument | TFC-I |
Amount | PKR 2244 mln |
Issuance Date | 16-Aug-13 |
Tenor | 36 Years |
Redemption Date | 01-Jan-70 |
Outstanding Amount | - |
Rating Type | Debt Instrument | |
Current (22-Feb-17 ) |
Previous (29-Jun-16 ) |
|
Action | Redeem | Maintain |
Long Term | A | A |
Short Term | - | - |
Outlook | Stable | Stable |
Rating Watch | - | - |
Pakistan Refinery Limited (PRL) has redeemed its TFC I (Taraqqi I) of PKR 2.24bln, issued in Dec'13 for a period of 3 years. Subsequent to payment by PRL of outstanding amount at maturity in Dec'16, PACRA has withdrawn the rating [A (Single A)] of the said TFC.
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