Pakistan increases size of Eurobond from $500m to $750m
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ISLAMABAD: The government announced on Monday that it has increased its Eurobond to $750 million from $500m by exercising the green-shoe option as the country’s foreign exchange needs grow due to a higher oil import bill amid the war in the Middle East. A green-shoe option is the over-allotment provision allowing the borrower to raise additional funds at the same rate if the public demand exceeds expectations. “Follo...
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ISLAMABAD: The government announced on Monday that it has increased its Eurobond to $750 million from $500m by exercising the green-shoe option as the country’s foreign exchange needs grow due to a higher oil import bill...