Access to local capital markets

Pakistan Augmenting production capacity by 400,000 MT Refinery
PCG BENEFICIARY: Multiple Investors TENOR: 6 years

GuarantCo’s 100 percent guarantee improved the local credit rating of ByCo’s Sukuk to AAA thereby enabling conservative new Islamic investors to invest. The AAA rated Sukuk was one of few of it’s kind by a corporate in Pakistan.

The proceeds of the Sukuk will be used to increase Byco’s production capacity, expected to serve up to 800,000 people