Pakistan joins sovereign sukuk spree

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.

Chien Mi Wong

November 26, 2014

The Islamic Republic of Pakistan sold a $1 billion five-year sukuk — or Islamic bond — on Wednesday, taking the asset class to its best levels since 2012 as investor familiarity improves.

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Debt
South Asia
ESG

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