Sukuk Issued by Engro Fertilizers Limited Fully Redeemed: Rating Withdrawn |ST Sukuk | May-16
|Rating Type||Debt Instrument|
Engro Fertilizers Limited (EFert) issued a secured, privately placed Sukuk of PKR 5,000mln in May16. The instrument was issued for a period of 6 months. The Sukuk has been fully redeemed in a timely manner. Subsequent to redemption, PACRA has withdrawn the rating [AA-] of the said instrument.