Pakistan set to receive the Bond payments in first week on December

The Government of Pakistan is to receive payments against its Eurobond and Sukuk Bond issue during the first week of December.

The amount will add $ 2.5 billion to the Forex Reserves. The reserves are expected to report during the second week of December.

Pakistan raised $1 billion against its 5-year Sukuk Bonds and $1.5 billion against its 10-year Eurobonds after roadshows across the globe at 5.625% and 6.875% respectively. The instruments were sold at attractive rates, as investor perception towards Pakistan’s economy has been positive after the reforms.

The government of Pakistan received bids worth $8 billion, however, accepted amounts worth $2.5 billion.