Pakistan to borrow $3 billion via Sukuk, Eurobond
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ISLAMABAD - Pakistan's federal cabinet has approved borrowing of up to $3 billion via a Eurobond and sukuk, but the government would "most likely" raise only $1.5 billion, a senior Pakistani government official told Reuters on Tuesday.
Pakistan is likely to split the fund raising equally between the Eurobond and sukuk depending on the rates, the official added.
Reuters had reported in August that Pakistan was looking to raise $500 million to $1 billion in debt via an Islamic sukuk bond or a Eurobond later in the year.
