Pakistan has finalized two consortiums of financial advisors to float dollar-denominated Euro and Sukuk bonds as the country seeks around $2 billion aimed at taking pressure off the balance of payments’ position…Lets have a look at this report." /> Pakistan has finalized two consortiums of financial advisors to float dollar-denominated Euro and Sukuk bonds as the country seeks around $2 billion aimed at taking pressure off the balance of payments’ position…Lets have a look at this report." >
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Pakistan finalizes two consortiums to raise another $2b

The officials in the Ministry of Finance said that The Eurobond consortium would comprise of four international commercial banks. The Sukuk bond consortium consists of six banks,
 Citibank, Deutsche Bank, Standard Chartered Bank and Industrial & Commercial Bank of China (ICBC) will be mandated to arrange the Eurobond transaction. The government will pitch a minimum $500-million bond but will try to raise at least $1 billion through the Eurobond. The financial bids were opened on Tuesday.
In September 2015, the government had issued Eurobonds valuing $500 million with a 10-year maturity in the international market at an interest rate of 8.25%. It offered 6.12% above the US Treasury rate for the bond, making it one of the most controversial deals. 

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