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

By 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PACRA has withdrawn Debt Instrument Ratings of Pak Elektron Limited on 13^th September 2018 with immediate effect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	130,399.62 203.54M	0.04% 55.59
ALLSHR	81,096.98 663.37M	0.09% 72.99
KSE30	39,880.14 79.87M	-0.07% -28.12
KMI30	190,058.52 99.51M	0.28% 523.51
KMIALLSHR	54,902.10 351.53M	0.22% 118.44
BKTi	34,644.42 19.54M	-0.85% -296.32
OGTi	28,505.45 13.33M	0.74% 209.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,175.00	110,250.00 109,200.00	-110.00 -0.10%
BRENT CRUDE	68.48	69.00 68.32	-0.63 -0.91%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	109.20	0.00 0.00	0.20 0.18%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.81	67.50 66.65	-0.64 -0.95%
SUGAR #11 WORLD	15.60	15.62 15.44	0.02 0.13%