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Pakistan plans offering of dollar sukuk due in seven years
By Rebecca Melvin
Concord, N.H., Jan. 18 – Pakistan has selected bookrunners and scheduled investor meetings for a planned offering of U.S. dollar-denominated sukuk (B3//B-) due in seven years, according to a syndicate source on Tuesday.
The benchmark sukuk is being offered under the trust certificate issuance program of the Pakistan Global Sukuk Programme Co. Ltd.
Credit Suisse, Deutsche Bank, Dubai Islamic Bank and Standard Chartered Bank are the joint lead managers and joint bookrunners of the proposed offering, which will be sold under Rule 144A and Regulation S, subject to market conditions.
The meetings begin on Tuesday.
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