Sukuk Issued by Amreli Steels Fully Redeemed: Rating Withdrawn
|Issuer||Amreli Steels Limited|
|Amount||PKR 880 mln|
|Rating Type||Debt Instrument|
Amreli Steels issued a secured, privately placed Sukuk of PKR 880mln in Dec09. The instrument was issued for a period of 7 years, maturing in Dec16. The Sukuk has been fully redeemed in a timely manner. Subsequent to redemption, PACRA has withdrawn the rating <b>[A]</b> of the said instrument.