VIS finalizes rating of Islamic Commercial Paper of K- Electric

MG News | March 13, 2020 at 04:39 PM GMT+05:00

0:00

March 13, 2020: VIS Credit Rating Company Limited has finalized the rating of single A One Plus assigned to K-Electric Limited’s proposed Islamic Commercial Paper (ICP-5) issue of up to Rs 4.295 billion.

The ICP-5 will have a tenor of 6 months which will be utilized for funding KE’s working capital requirements. Previous rating action was announced on Feb 10, said press release on Friday.

VIS

Related News

KE Ventures appoints Adeeb Ahmad as CEO

PSX, SECP approve Sitara Petroleum IPO via book building

PSX Closing Bell: Back in the Red Zone

Name	Price/Vol	%Chg/NChg
KSE100	169,497.36 357.30M	-0.69% -1174.68
ALLSHR	101,339.29 778.53M	-0.68% -695.60
KSE30	51,409.14 194.39M	-0.77% -400.47
KMI30	243,225.72 109.29M	-0.72% -1761.16
KMIALLSHR	65,648.72 362.70M	-0.72% -474.94
BKTi	47,799.18 146.86M	-0.77% -371.87
OGTi	35,183.30 7.35M	-1.46% -521.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,175.00	79,930.00 76,770.00	-840.00 -1.08%
BRENT CRUDE	108.22	109.79 105.82	2.89 2.74%
RICHARDS BAY COAL MONTHLY	106.00	106.00 105.50	2.00 1.92%
ROTTERDAM COAL MONTHLY	104.35	104.35 102.00	0.55 0.53%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	96.44	97.67 94.59	2.04 2.16%
SUGAR #11 WORLD	13.99	14.30 13.95	-0.12 -0.85%