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Summary Bonds will support shoring up foreign reserves: sources
KARACHI (Dunya News) - Pakistan is likely to float Eurobonds worth around $2 billion in the next few days to raise capital from global capital markets.
According to source, indications suggest 5-year bond bids to be 6.25%, a 10-year bond’s 75%. Pakistan is also trying to sell Eurobonds having a tenor of 30 years at a yield of close to 8.85%.
Sources further said that these bonds will support shoring up foreign reserves to assist local currency against the greenback. The bonds will also help in estimating confidence of foreign investors in Pakistan.
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