Paktel opens ABS market in Pakistan with first public deal

03 Apr 2003

United Bank Limited (UBL) last week brought Pakistan's first publicly listed securitisation, a Rs990m ($17.8m) future flow deal for mobile phone operator Paktel Ltd. The securitisation will extend the firm's debt maturity profile. The proceeds will be used to redeem two loans: a Rs750m loan from UBL due ...

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