JCR-VIS Assigns Rating to proposed Commercial Paper of Hascol Petroleum Limited with increased issue amount of Rs. 1.5 billion
Karachi, December 18, 2017 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has assigned preliminary rating of A-1 (Single A One) to Hascol Petroleum Limited’s (HPL) first issue of privately placed commercial paper (CP) of up to Rs. 1.5billion (inclusive of green shoe option of Rs. 500million) having a tenor of up to 6 months. The CP would be shariah compliant. Rating assigned to the CP would be finalized upon review of signed legal documents. JCR-VIS had issued a Press Release dated December 05, 2017 on the above subject. The amount of the CP issue was Rs. 1billion and has been revised to Rs. 1.5billion (inclusive of a green shoe option of Rs. 500million).
For more information, contact:
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi
Category: General Business News