Sara Velezmoro

2 weeks ago | zawya.com | Sara Velezmoro

Pakistan on May 16 raised Rs31.99bn (US$113.5m) from a debut auction of green sukuk, according to a stock exchange announcement. The 10.6363% interest rate on the three-year instruments, determined via an auction held on the Pakistan Stock Exchange, is 61bp points inside the 11.2464% benchmark rate, which is the latest six-month weighted average of market treasury bills. The bonds will be issued by Pakistan Domestic Sukuk Company, a wholly owned subsidiary of the ministry of finance.

1 month ago | zawya.com | Sara Velezmoro

Pakistan is planning to raise Rs20bn–Rs30bn (US$71m–$106.5m) from a debut sustainable sukuk to finance hydropower projects. The deal comes after the government approved a sustainable investment sukuk framework in April. Meezan Bank, Bank Alfalah, Dubai Islamic Bank Pakistan and Bank Islami Pakistan are structuring advisers on the programme, according to local media.

1 month ago | ifre.com | Sara Velezmoro

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1 month ago | ifre.com | Morgan Davis |Sara Velezmoro |John Weavers

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2 months ago | ifre.com | Sara Velezmoro

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