Pakistan raises another $1bn through Eurobond issued in March - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Pakistan accepted $300m for five-year note at 5.875pc, $400m for 10-year bond at 7.125pc and $300m for 30-year paper at 8.450pc. AFP/File
LAHORE: Pakistan on Tuesday raised additional debt of $1 billion through a tap issue of its recently issued three-tranche dollar denominated Eurobond that had fetched $2.5bn in March.
The bond was subscribed in excess of $3bn for five, 10 and 30 years. Pakistan accepted $300m for five-year note at 5.875pc, $400m for 10-year bond at 7.125pc and $300m for 30-year paper at 8.450pc.
Pakistan had adopted a programme-based approach with the registration of Global Medium-Term Note (MTN) programme, which allows it to tap the market regularly and at a short notice, Fahad Rauf, head of research at Ismail Iqbal Securities, told
KARACHI: MSCI Inc, the world’s largest index provider, on Friday proposed reclassifying the MSCI Pakistan Index from emerging to frontier markets as Pakistani equity market had not met all.
Business
June 2, 2021
ISLAMABAD: Annual consumer inflation decelerated to 10.9 percent in May compared to 11.1 percent in the previous month as fuel, electricity and food prices were seen declining.
Pakistan Bureau of Statistics (PBS) data on Tuesday showed that consumer price index (CPI) inflation general was still more than 8.2 percent in May 2020. CPI inflation increased 0.1 percent month-on-month in May compared to an increase of 1 percent in the previous month and a increase of 0.3 percent in May 2020.
Analyst Fahad Rauf at Ismail Iqbal Securities said fall in electricity prices due to fuel price adjustment restricted CPI growth.
âCore inflation continues to remain rangebound, clocking at 7.1 percent versus 7.3 percent in April,â Rauf said. The central bank left the interest unchanged at 7 percent in the latest monetary policy for the fifth time in last 10 months.