comparemela.com

Latest Breaking News On - உலகளாவிய நடுத்தர கால குறிப்பு - Page 4 : comparemela.com

REC taps international bond market to raise USD 400 mn

REC taps international bond market to raise USD 400 mn
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

African Finance Corp issues $750 million 7-year Eurobond at lowest yield to date

The Lagos based, Pan-African multilateral development financial institution, African Finance Corporation (AFC), has successfully issued a Eurobond at its lowest yield to date. This is an indication of robust global investor interest in the African continent and the development financial institution which is dedicated to infrastructure financing and investment across key sectors in the continent. This disclosure is contained in a press statement issued by AFC a few days ago. According to the statement from AFC, the US$750 million 2.875% 144a/ Reg S Notes, which is due in 2028 was priced at 175 bps over US Treasuries to yield 2.991% adding that the Corporation has progressively reduced its funding cost on the dollar benchmark issuances with a shorter-dated 5-year US$700 million Eurobond in 2020 at 3.250%, a 10-year US$500 million Eurobond in November 2019 at 3.895% and a 7-year US$650 million Eurobond in June 2019 at 4.500%.

Foreign reserves cross $23bn mark

Daily Times April 10, 2021 The foreign exchange reserves held by the country have increased to 23,179.4 million after the State Bank of Pakistan (SBP) received $2.5 billion as proceeds of Eurobonds floated by the government. According to the central bank, its reserves have reached $16,027.20 million, showing their highest level since July 2017. On the other hand, the foreign exchange reserves held by commercial banks stand at $7,152.20 million. The SBP on Thursday said that it has received government proceeds of $2.5 billion Eurobonds issuance in its account. Earlier, a statement issued from the Finance Ministry said that Pakistan had entered the international capital market after a gap of over three years by successfully raising USD 2.5 billion through a multi-tranche transaction of 5-, 10- and 30-year Eurobonds. The transaction generated great interest as leading global investors from Asia, Middle East, Europe and the US participated in the global investor calls and the order boo

SBP receives $2 5bn against Eurobond issue - Newspaper

KARACHI: The State Bank of Pakistan said on Thursday that it has received the proceeds of the government’s $2.5 billion eurobond issuance in its account. At the end of last month, the government sold Eurobonds and received higher than expected $5.3bn investment bids. However, the government raised $1bn for five-year at 6pc per annum, $1bn for 10-year at 7.37pc and $500m for 30-year at 8.87pc. The State Bank said its foreign exchange reserves after arrival of $2.5bn have surged to $16bn, the highest level since July 2017. MTN programme allows Pakistan to tap bond market on short notice Earlier, the Finance Ministry in a statement said said the transaction generated great interest as leading global investors from Asia, Middle East, Europe and the US participated in the global investor calls and the order book.

Pakistan enters international capital market after 3-year gap

Pakistan enters international capital market after 3-year gap   Published On The programme would allow Pakistan to tap the market at short notice ISLAMABAD (Dunya News) – Pakistan has entered the international capital market after a gap of over three years by successfully raising US$2.5 billion through a multi-tranche transaction of 5- 10- and 30-year Eurobonds, Finance Ministry said Thursday. In a statement, the ministry said the transaction generated great interest as leading global investors from Asia, Middle East, Europe and the US participated in the global investor calls and the order book. This is for the first time that Pakistan has adopted a programme-based approach with registration of Global Medium-Term Note programme.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.