Pakistan repays US$1bil in Eurobonds

FILE PHOTO: The logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro

ISLAMABAD: Pakistan’s central bank has repaid US$1bil in Eurobonds – a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund (IMF).

The bond, launched in 2014 and repaid last Friday, was maturing this month.