| Autor: |
Bukhari, Nasir Ali Shah, Bukhari, Kadim Ali Shah |
| Předmět: |
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| Zdroj: |
Asiamoney; Mar1995, Vol. 6 Issue 2, p14-17, 4p |
| Abstrakt: |
The article reports that the offer of first Term Finance Certificates (TFCs) in Pakistan was arranged by Bank of America and First International Investment Bank for Packages, a Lahore-based pulp and paper mill. Of the total PRs210 million i.e.,US$7 million raised, PRs 110 million were pre-placed with nine institutional investors; the remaining PRs 100 million were offered to the public in a three-day subscription period. The return to investors on TFC is from 16.17% for individuals to 18.5% for provident funds on an after-tax and zakat--payable by Muslim citizens of Pakistan--basis. Pakistan's this first public corporate bond issue in February 1995 opened a financial artery for cash-hungry companies in the country. This early, some bankers are predicting the blossoming of an active market in corporate debt. Other potential issuers are waiting in the wings. Ariful Islam, senior executive vice-president at Muslim Commercial Bank's investment banking group says that reception among investors of Packages, a Lahore-based pulp and paper mill, will have a bearing on succeeding issues. |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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