Government of Pakistan to Launch International Sukuk and Eurobonds Via MTN Programmes

The Government of Pakistan will be setting up Medium-Term Note (MTN) programmes to float USD-denominated International Sukuk and Eurobonds for an initial tenure of one year in order to attract foreign exchange reserves, according to local media reports.

On the 23rd of September 2020, Pakistan’s Ministry of Finance (MoF) invited applications from financial institutions to submit proposals to act as financial advisors for the registration, structuring, launch and execution of the MTN programmes, with all interested financial institutions required to submit technical and financial proposals to MoF’s Finance Division by the 26th of October 2020, local media reported.

The Fi...