Pakistan talks dollar benchmark five-year sukuk in 6 7/8% area

By Christine Van Dusen

Atlanta, Nov. 25 – Pakistan set talk in the 6 7/8% area for its offering of dollar-denominated and benchmark-sized five-year Islamic securities (/B-/), a market source said.

The global sukuk trust certificates will be issued via Second Pakistan International Sukuk Co.

Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.

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