Country manages to pay back $ 1Bn against Sukuk

Pakistan has paid back some $ 1Bn on maturity of 5-year international Sukuk. The sovereign bonds were issued at 6.75% in Nov’14. The payment from SBP’s foreign exchange reserves will be reflected in next weekly forex report. However, with this repayment, SBP’s reserves will most likely slip below $ 7Bn.

 

03/12/2019