After failing to sell a 10% stake in the national oil and gas company, Pakistan succeeds in offloading its 41.5% holding in Habib Bank in the country's largest ECM transaction.
The deal, if successful, will be one of the country's largest in recent years.
Pakistan raises a $1 billion five-year Islamic bond, the latest sovereign to do so, boosting volumes of the asset class to an all-time high since 2012.
Pakistan's failure to offload a 10% stake in Oil & Gas will be seen as a blow to the government's privatisation scheme.
Oil & Gas Development's plunging share price following the news of the government sell-down could deplete the amount raised by a quarter. Books close Friday.
This will be the latest block in Pakistan as the country continues its privatisation drive, and could net the government up to $816 million.
The block share trade was Pakistan's first privatisation deal in almost eight years.
The sovereign quenches the thirst of frontier market investors by issuing a $2 billion dual-tranche bond, its first international note in seven years.
The holding company for the Singer brand in Asia offers exposure to domestic consumption in Sri Lanka and Bangladesh and is expected to raise about $150 million from a Singapore listing.
Our annual look at the best banks and financial institutions around the region. Full write-ups of our choices will be published in the upcoming issue of FinanceAsia magazine and the winners will be celebrated at an awards dinner in September.
Pakistan’s MCB Bank announces a partnership with Misys and IBM to improve risk management and compliance.
We are pleased to announce the winners of our annual Country Awards for Achievement.
Habib Bank implements a new core banking solution, while IndusInd Bank awards a cards mandate to ElectraCard Services.
Pakistan's MCB Bank chooses a payments filtering solution from Logica, while SmartPay and AliPay receive payment licences in China.
SunGard wins treasury mandate from Pakistan's United Bank, while the State Bank of India partners with Diebold for ATM deployment.