TFC I Issued by Pakistan Refinery Fully Redeemed: Rating Withdrawn
|Issuer||Pakistan Refinery Limited|
|Amount||PKR 2244 mln|
|Rating Type||Debt Instrument|
Pakistan Refinery Limited (PRL) has redeemed its TFC I (Taraqqi I) of PKR 2.24bln, issued in Dec'13 for a period of 3 years. Subsequent to payment by PRL of outstanding amount at maturity in Dec'16, PACRA has withdrawn the rating [A (Single A)] of the said TFC.