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VIS Matures HBL’s Tier-2 TFC ratings

Karachi, June 18, 2021 (PPI-OT):VIS Credit Rating Company Limited (VIS) has matured the rating of existing Basel III compliant Tier 2 TFC of HBL (issued in February 2016) since the Bank has exercised the available call option on the instrument post completion of five years from the issue date. The instrument stands fully redeemed as on February’2021 and has been delisted from the Pakistan Stock Exchange. Previous rating action was announced on June 30, 2020.

For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company Limited
VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi, Pakistan
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: bilal@jcrvis.com.pk
Website: https://www.vis.com.pk/

The post VIS Matures HBL’s Tier-2 TFC ratings appeared first on Business News Pakistan.