Pakistan issued $1 billion five-year Sukuk bonds on October 6, 2016 @ the rate of__________?
- A. 9.3%
- B. 7.5%
- C. 5.5%
- D. 4.75%
Explanation
Pakistan’s five-year international Sukuk issued in October 2016 carried a profit rate of 5.5 percent. The higher rates in the options do not match the reported yield of that bond issue.