Mobilink, Pakistan’s largest wireless provider by subscribers, plans to raise PKR6.9 billion (USD67.78 million) through Islamic bonds (Sukuk) this quarter, Reuters writes, citing a statement from the Pakistan Credit Rating Agency. The bonds have been rated AA by the agency and will include a partial credit guarantee of PKR966 million; Mauritius-based GuarantCo, a specialised financial guarantor indirectly owned by the development agencies of the UK, Switzerland, Sweden and the Netherlands, will extend the credit guarantee. Mobilink will use the proceeds of the Sukuk to fund network expansion.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors