0

Pakistan has successfully issued a new Bond of 500 million dollar with a maturity of 10 year in the international Eurobond market.       

The coupon rate was 8.25% equal to the rate at which it issued such bonds in April last year.        

It may be recalled that Pakistan team comprising Finance Secretary Waqar Masood Khan and Governor State Bank of Pakistan Ashraf Wathra conducted roadshows for launching the bond in London, Los Angeles and Boston. Finance Minister Ishaq Dar led the final roadshow at New York on Wednesday. The pricing of the bond was held on Thursday.       

Pakistan came to the market on the back of a good track record of economic management since its last issue. The investors were appreciative of the progress made in stabilizing the economy and reforms carried out in critical sectors of energy, privatization, tax administration and investment climate.


Third-party Ads