Govt all set to issue Eurobonds, Sukuk through MTN

MG News | September 23, 2020 at 10:01 AM GMT+05:00

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September 23, 2020 (MLN): The Government of Pakistan has decided to set up Medium Term Note (MTN) programs to float both Eurobonds and International Sukuk, for a period of one year initially in order to lure foreign exchange reserves into the country.

The Finance Ministry has invited financial institutions to submit their proposals individually to work as the Finance Division’s financial advisors for registering, structuring, launching, and executing the MTN programs.

The interested institutions will have to submit their technical and financial proposals to the Finance Division in two separate envelopes by October 26, 2020.

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