Luxembourg Stock Exchange lists Pakistani sovereign sukuk

en

On 4 December 2014, the Luxembourg Stock Exchange (LuxSE) listed and admitted to trading on its Euro MTF market a sovereign sukuk from the Islamic Republic of Pakistan.

<< Back
  • Bourse

For a total amount of USD 1 billion, this is the first sukuk issuance from Pakistan in nearly a decade and was more than two times oversubscribed in the primary market. It pays an annual distribution of 6.75% and matures in 5 years. The proceeds of the issue will be used to strengthen the country’s foreign currency reserves.

It is in the form of an ijarah or leasing sukuk, the underlying assets of which comprise the Islamabad-Lahore motorway.

Joint lead managers for the issue were Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered Bank.

LuxSE now lists nine sovereign bonds of Pakistan and this latest issue is the third sovereign sukuk to be listed in Luxembourg in the last ten weeks, following those of South Africa and Luxembourg.

Back to top  | << Back

Communiqués liés

HNCA Ring the Bell
21/06/2024

HNCA brings first international green bond to LuxSE

During a special Ring the Bell ceremony held at the Luxembourg Stock Exchange (L...

Bourse de Luxembourg
LuxSE corporate picture
14/06/2024

LuxSE reports 7% revenue growth for 2023

Despite a challenging macro-economic and geopolitical context, the Luxembourg St...

Bourse de Luxembourg
2015 06 09 Bourse-PG-1
15/05/2024

ION-owned LIST connects FastTrade electronic trading system ...

LIST, an ION company, today announces that it has successfully completed the cer...

Bourse de Luxembourg
RTB NMB Jamii Bond
29/04/2024

NMB Bank brings East Africa’s first sustainability bond to...

Just over a year after listing the first Sub-Saharan Africa gender bond on the L...

Bourse de Luxembourg
Julie Becker LuxSE
08/04/2024

7th Exchange of the Year title awarded to LuxSE

For the seventh time since 2017, the Luxembourg Stock Exchange (LuxSE) has been ...

Bourse de Luxembourg
20231114 LuxSE BVC iib bond listing
14/11/2023

First Cabo Verdean green bond listed on LuxSE

Today, the Luxembourg Stock Exchange and Bolsa de Valores de Cabo Verde, its cou...

Bourse de Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more