09-02-2009, 10:23 PM
<b>Pakistan to Sell Bonds Soon to Pay Debt to Oil, Power Companies</b> <!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Sept. 2 (Bloomberg) -- Pakistanâs government plans to sell bonds, known as term finance certificates, as early as this week, to pay its debt to oil and power companies, the finance ministry said without giving a targeted amount.
The 5-year bonds will be priced at two percent over the six-month Karachi interbank offered rate, according to an e-mail from the ministry in response to questions sent by Bloomberg. The Karachi interbank offered rate is 12.55 percent today.<!--QuoteEnd--><!--QuoteEEnd-->
Who is going to buy these bonds?
I know, I know, Candlekissers should buy. <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->
The 5-year bonds will be priced at two percent over the six-month Karachi interbank offered rate, according to an e-mail from the ministry in response to questions sent by Bloomberg. The Karachi interbank offered rate is 12.55 percent today.<!--QuoteEnd--><!--QuoteEEnd-->
Who is going to buy these bonds?
I know, I know, Candlekissers should buy. <!--emo&
![Big Grin Big Grin](http://india-forum.com/images/smilies/biggrin.png)