VIS finalizes rating to Islamic Commercial Paper of K-Electric Limited

MG News | September 13, 2019 at 09:29 AM GMT+05:00

0:00

September 13, 2019 (MLN): Upon issuance of commercial paper, VIS Credit Rating Company Limited (VIS) has finalized rating of A-1 (Single A One) to K-Electric Limited’s (KE) Islamic Commercial Paper (ICP-A) of up to Rs.8 billion (Including a green shoe option of up to Rs.3 billion).

According to a press release issued by VIS on this occasion, the ICP-A will have a tenor of 6 months. The Instrument is unsecured, non-convertible and redeemable at maturity date in bullet payment and the proceeds of the issue will be utilized for KE’s working capital requirements.

VIS has assigned entity rating of ‘AA/A1’ (Double A/A One) to KE and these ratings have been placed on ‘Rating Watch-Developing’ status.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,400.73 346.40M	0.92% 1570.51
ALLSHR	103,483.96 796.97M	0.55% 561.58
KSE30	52,734.06 184.56M	1.08% 564.57
KMI30	245,565.33 110.97M	1.07% 2605.02
KMIALLSHR	67,233.70 319.67M	0.68% 453.28
BKTi	47,898.10 95.85M	0.98% 462.51
OGTi	33,838.49 13.78M	1.39% 464.88

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,825.00	0.00 0.00	-135.00 -0.15%
BRENT CRUDE	60.80	62.67 60.56	-1.44 -2.31%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.05 1.21%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.93	0.00 0.00	0.19 0.33%
SUGAR #11 WORLD	15.17	15.28 15.08	-0.12 -0.78%