Karachi: VIS Credit Rating Company Limited (VIS) has concluded the rating process for JDW Sugar Mills Limited's (JDWSML) Short Term Sukuk, which had an issue size of PKR 8.0 billion.

According to VIS Credit Rating Company Limited, the Sukuk, which included a green shoe option of PKR 3 billion, was issued on December 18, 2023, and reached maturity on June 18, 2024. The last rating action for this financial instrument was announced earlier this year on January 25.