PACRA withdraws Debt Instrument Ratings of PEL’s redeemed Commercial Paper

MG News | September 14, 2018 at 10:25 AM GMT+05:00

0:00

PACRA has withdrawn Debt Instrument Ratings of Pak Elektron Limited on 13^th September 2018 with immediate effect

PEL issued a short-term, unsecured Commercial Paper (CP) of PKR 1,200mln to finance its working capital requirements in Dec-17. CP, having a tenor of nine months, carried a profit rate of 9M KIBOR + 1.25%. The instrument matured on September 10, 2018 and was subsequently redeemed.

PEL was incorporated in 1956 as a Public Limited Company. Currently, it's listed on Pakistan Stock Exchange and is principally engaged in manufacturing and sale of electrical capital goods and domestic appliances. PEL is majorly owned by Saigol Group (~50.3%). Other interests of the group include power, textile and cement.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,242.90 704.43M	1.49% 2436.69
ALLSHR	101,132.82 1,476.65M	1.29% 1287.02
KSE30	50,886.61 318.61M	1.52% 762.76
KMI30	241,116.65 128.48M	1.08% 2586.15
KMIALLSHR	66,519.44 717.61M	0.94% 621.34
BKTi	47,711.07 207.32M	2.87% 1330.11
OGTi	32,418.62 12.56M	1.76% 561.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,365.00	111,945.00 107,690.00	4690.00 4.40%
BRENT CRUDE	60.94	61.55 60.07	-0.35 -0.57%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	92.75	92.75 92.75	-0.25 -0.27%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	56.93	57.43 55.96	-0.22 -0.39%
SUGAR #11 WORLD	15.77	15.78 15.51	0.27 1.74%