2nd issue of Dawood Leasing TFCs

KARACHI, July 16: The Financial Institutions Division of Muslim Commercial Bank Limited (MCB) in conjunction with Aqeel Karim Dhedhi (AKD) Securities (Pvt) Ltd arranged the second tranche of Dawood Leasing Term Finance Certificates (TFCs) of Rs250 million.

The Securities and Exchange Commission of Pakistan (SECP) has given approval to Dawood Leasing Company Limited to issue TFCs for Rs250 million, according to an announcement here on Tuesday.

The TFC has been rated “A” by PACRA and is being launched approximately 10 months after the first tranche, which was successfully oversubscribed in September 2001.—APP

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