Pakistan weighs new borrowing and a panda bond to replace $3.5 billion UAE facility
Pakistan is weighing Eurobonds, loans and other borrowing to replace a $3.5 billion UAE facility, and says it plans a $250 million inaugural panda bond next month to shore up reserves.
From the sources (7 posts)
@reutersPakistan is considering Eurobonds, loans from other countries and commercial debt to replace a $3.5 billion facility from the United Arab Emirates and manage its foreign reserves, its finance minister said
@reutersbizPakistan is considering Eurobonds, loans from other countries and commercial debt to replace a $3.5 billion facility from the United Arab Emirates and manage its foreign reserves, its finance minister said. More here:
@firstsquawkPakistan projects roughly $41.5 billion in remittances for the current fiscal year, according to the finance minister.
@firstsquawkPakistan is set to return to global bond markets and is also looking at sukuk financing, he says.
@firstsquawkPakistan plans to roll out a $250 million inaugural panda bond next month, according to the finance minister.
@firstsquawkPakistan may need to build strategic fuel reserves and speed up renewable energy adoption as Iran war-related price spikes continue, an official said.
@firstsquawkThe finance minister of Pakistan says all options are being considered to replace a $3.5 billion loan from the UAE.