Karachi, VIS Credit Rating Company Limited (VIS) has completed the rating process for the Pakistan Telecommunication Company Limited's (PTCL) Short Term Sukuk (STS-1), which had an issue size of PKR 5.0 billion. The financial instrument was issued on December 20, 2023, and reached maturity on June 20, 2024.
According to VIS Credit Rating Company Limited, The final rating action for this particular sukuk issue was previously announced on May 27, 2024, marking the end of its cycle and the fulfillment of its investment term.