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Agencies
July 29, 2019

Pakistan raises $500m through Islamic syndicated loan

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Agencies
July 29, 2019

DUBAI: The Government of Pakistan has raised $500 million through an Islamic syndicated loan provided by a consortium of 12 banks, it said in a statement on Sunday.

The loan, coordinated by Emirates NBD Capital (ENBD.DU), was 40% oversubscribed. The group of lenders includes Commercial Bank of Dubai, Emirates NBD, Noor Bank, Allied Bank, Dubai Islamic Bank, First Abu Dhabi Bank, Mashreq Bank, Sharjah Islamic Bank, Samba Financial Group, Bank of Jordan, Habib Bank Limited and Union De Banques Arabes Et Francaises.

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