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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Karachi, January 01, 2013: JCR-VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of HBL Islamic Money Market Fund (HBL IMMF) at 'AA(f)' (Double A (f)).
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Karachi, January 01, 2013: JCR-VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of Meezan Cash Fund (MCF) at ‘AA(f)’ (Double A (f)).
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Court of Appeal affirms conviction & sentence of former MIH manager for fraud relating to IPO ballotThe Court of Appeal today struck out the appeal by Ashari Rahmat against his conviction and sentence for swapping successful balloted envelopes for the Initial Public Offering (IPO) of UPA Corporation Berhad (UPA) shares, with those that did not go through the process at the Malaysian Issuing House (MIH) between 15 to 16 February 1997.
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The Court of Appeal today unanimously overturned the decision by the High Court and Sessions Court to acquit Low Thiam Hock for manipulating the price of Repco Holdings Berhad (Repco) shares on the Kuala Lumpur Stock Exchange (KLSE) on 3 December 1997.
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Karachi, December 31, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength ( IFS ) rating of The Pakistan General Insurance Company Limited (PGI) at 'BBB+' (Triple B Plus). Outlook on the assigned rating is 'Stable'.
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Karachi, December 31, 2012: JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength ( IFS ) rating of Silver Star Insurance Company Limited (SSI) at 'A-' (Single A Minus). Outlook on the assigned rating is 'Stable'.