20.06.2011 - PACRA suspends rating of HBFCs Sukuk
The Pakistan Credit Rating Agency (PACRA) has suspended the rating of Sukuk amounting to PKR 1,500 million ($17.4 million) issued by House Building Finance Corporation (HBFC) due to non-availability of requisite information. HBFC issued secured Sukukof PKR 1,500 million ($17.4 million) in May 2009, for a tenor of six years. Sukukcarries profit at the rate of KIBOR+1 per cent, being paid semi-annually..............................................Full Article: Source
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