Karachi: A plan has been prepared to issue two billion dollar Eurobonds, the price of the bonds is likely to be determined today.
Pakistan’s plan to sell 2 billion worth of Eurobonds is likely to have a term of 5, 10 and 30 years. According to sources in the Ministry of Finance, the rate of return on five-year bonds will be 6.25 per cent, the rate of return on 10-year bonds will be 7.5 per cent and the rate of return on 30-year bonds will be 8.85 per cent. It is likely to be done.
According to economic analysts, the issuance of bonds is likely to increase foreign exchange reserves and further strengthen the value of the rupee against the dollar. In addition, the investment in bonds will also determine the confidence of foreign investors in Pakistan’s economy.