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Pakistan to Issue Tender for Eurobond on Monday

ISLAMABAD, Oct 15 (MLN): According to sources in the financial sector, the Government is planning on issuing the Tender for Eurobond on Monday Oct 16, 2017.

The Government is planning to raise $500 million to $1 billion by floating Eurobond in the international debt market.

Last year Pakistan issued $1 billion of five-year dollar-denominated sukuk bonds, the issue attracted $2.4 billion in bids.

Pakistan’s Credit Rating for Long term Debt (Foreign Currency)

Rating Agency Rating Outlook
Moody's B3 Stable
Standards & Poors B Stable
Fitch B Stable

 

Pakistan’s Foreign Exchange reserves have been consistently declining and the SBP reserves have fallen below the 3 month import cover level.

 

Posted on: 2017-10-15T18:07:00+05:00
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