Pakistan Microfinance Investment Company Issues PKR 3 Billion Commercial Paper

On 27 October, VIS Credit Rating Company confirmed an A1+ rating for Pakistan Microfinance Investment Company’s short-term commercial paper. The company issued PKR 3 billion in unsecured, privately placed commercial paper, including a PKR 1 billion green-shoe option, with a six-month maturity and pricing equivalent to three-month KIBOR plus 45 basis points. The proceeds are intended to support onward lending to microfinance banks and institutions, particularly for financial inclusion initiatives. Banks, lenders and investment managers can explore opportunities in credit-risk modelling, portfolio analytics and secure financial data systems. HPC can support these requirements with advanced analytics and computing infrastructure; contact HPC for a quotation.