Treasury mandates banks for bond issue
“As part of the 2019 external borrowing program, the Treasury and Finance Ministry has mandated BNP Paribas, Citigroup and HSBC for the issuance of a dollar-denominated bond due 2024,” the ministry said in a statement yesterday without providing other details on the issuance.
The planned Eurobond issue would offer buyers around 6.65 percent interest, bankers involved told Reuters.
The authority’s external borrowing target for 2019 is $8 billion.
The offering attracted an orderbook of approximately three times the actual issue size.