The Pakistan Credit Rating Agency Limited
Press Release


Haider Imran

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TFC I Issued by Pakistan Refinery Fully Redeemed: Rating Withdrawn

Issuer Pakistan Refinery Limited
Instrument TFC-I
Amount PKR 2244 mln
Issuance Date 16-Aug-13
Tenor 36 Years
Redemption Date 01-Jan-70
Outstanding Amount -

Rating Type Debt Instrument
Action Redeem Maintain
Long Term A A
Short Term - -
Outlook Stable Stable
Rating Watch - -

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 Subsequent to payment by PRL of outstanding amount at maturity in Dec'16, PACRA has withdrawn the rating [A (Single A)] of the said TFC.

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