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Govt' of Pakistan decides to issue dollar bonds worth $1 bn

ISLAMABAD: Government of Pakistan has decided to issue dollar bonds of $1 billion in the international market on getting the green signal from International Monetary Fund (IMF), ARY News reported.

The government made the final decision for the issuance of dollar bonds after seven years.

Banking sector resources revealed that dollar bonds is going to be introduced in the international market till the end of first quarter of current year.

Pakistan is having Caa1/B- ratings from the global rating agency. It will make Pakistani bonds as the lowest-rated sovereign from Asia to issue dollar bonds.

 

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