Panda bond issue mandate awarded to CICC led consortium

MG News | April 09, 2019 at 09:45 PM GMT+05:00

0:00

April 9, 2019 (MLN): The ministry of Finance has awarded the mandate for issuing the Panda bond to a consortium led by China International Capital Corporation (CICC).

According to sources the consortium includes China Development Bank (CDB), CitiBank and HBL.

On March 20, 2019 the panda bond tenders were submitted and had received an overwhelming response.

The Finance Ministry is looking to raise around USD 2.0 Billion for budgetary support.

Copyright Mettis Link News

Related News

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement

Fed delivers 25 basis-point rate cut

Pakistan-IMF talks to begin Sept 25 amid unmet reform targets

Name	Price/Vol	%Chg/NChg
KSE100	156,177.82 367.85M	-0.00% -3.12
ALLSHR	95,630.38 1,498.37M	-0.06% -60.44
KSE30	47,678.47 206.79M	-0.08% -35.92
KMI30	229,682.22 174.86M	-0.02% -39.87
KMIALLSHR	64,366.76 638.47M	-0.08% -53.31
BKTi	41,922.80 89.51M	-0.11% -46.72
OGTi	31,735.79 16.87M	-0.80% -255.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,445.00	116,595.00 116,115.00	620.00 0.54%
BRENT CRUDE	67.91	68.59 67.62	-0.56 -0.82%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.50	93.50 93.50	0.15 0.16%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.67	63.67 63.59	-0.38 -0.59%
SUGAR #11 WORLD	16.23	16.59 16.23	-0.33 -1.99%