|28 July, 2019

Pakistan raises $500mln through Islamic syndicated loan

The loan, coordinated by Emirates NBD Capital ENBD.DU, was 40% oversubscribed

Image used for illustrative purpose An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul February 24, 2009.

Image used for illustrative purpose An employee of the Korea Exchange Bank counts one hundred dollar notes at the bank's headquarters in Seoul February 24, 2009.

REUTERS/Jo Yong-Hak

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.

(Reporting by Davide Barbuscia; Editing by Raissa Kasolowsky) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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