Engro Fertilizers to redeem Rs 2 billion TFCs

18 Feb, 2016

Engro Fertilizers Limited (EFL) has decided to redeem its entire outstanding amount of the listed privately-placed Term Finance Certificates (TFC-V). As a company stock filing shows, the aggregate redeemable sum of EFL stands at Rs 2 billion which is inclusive of the scheduled redemption amount of zero rupees on March 18 this year. "We will be redeeming the entire outstanding amount of the TFC-V issue," Company Secretary Faiza Charra said.

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