Government of Pakistan to Hire Advisers for USD-Denominated International Sukuk and Eurobonds Via MTN Programmes

The Government of Pakistan is anticipated to hire advisers to issue USD-denominated Sukuk and Eurobonds in the international capital market via Medium-Term Note (MTN) programmes for an initial tenure of one year, according to local media reports.

On the 25th of November 2020, Kamran Afzal, Spokesperson for Pakistan’s Ministry of Finance told media that the Government is evaluating the technical and financial bids submitted by financial institutions to structure the international bonds while adding that the process and selection of advisers would be completed soon. On the 23rd of September 2020, the Ministry of Finance had initially invited applications from financial institutions to be submitted by the 26th of Oct...