Issue of Rated, Listed and Secured TFCs: KSE approves application for listing, quotation

The Karachi Stock Exchange (KSE) has approved the application for listing and quotation of second Issue of Rated, Listed and Secured Term Finance Certificates (TFCs) of Rs 2,754.8 million inclusive of Green Shoe Option of Rs 754.8 million of Engro Corporation Limited on completion of formalities required under the Listing Regulations of the Exchange.
The KSE on Tuesday notified that trading in the TFCs of the Company would start on this Exchange from November 04, 2011. All Transactions taking place in respect of the above TFCs on the Exchange's Bonds Automated Trading System (BATS) shall be settled on T+1 settlement basis from the above date.
The TFCs of the Company have already been declared eligible security by the Central Depository Company Limited (CDC) and all the transactions shall be settled through NCCPL, which has assigned Security Symbol as "ENGROTFC2". JS Global Capital Limited has been appointed as the Market Maker for the issue and will perform the role of Market Maker as disclosed under Clause N.2.21 of the Prospectus. The Transfer Agent of the TFCs of the Company is Central Depository Company of Pakistan Limited.