Pakistan has set final guidance of 6.75-6.875 per cent on five-year US dollar benchmark sukuk, according to a lead.
The order book is now in excess of $1.3 billion, excluding lead orders. Final guidance compares to initial profit thoughts of 6.875pc area set earlier on Tuesday.
US books are set to go subject at 17.30 New York time on Tuesday, while European, Asian and Middle East books will go subject Wednesday morning London time.
The sovereign, rated Caa1/B- by Moody’s/S&P, is expected to price the Reg S/144A deal on Wednesday.
Citigroup, Deutsche Bank, Dubai Islamic Bank and Standard Chartered are the leads.
