The leading private cellular service provider in Pakistan, Mobilink, a unit of Egypt’s Orascom Telecom Holding, plans to issue a Rs 3 billion sevenyear bond to expand and upgrade its telecom network. While Rs 800 million worth of bonds will be issued publicly, the balance Rs 2.2 billion will be privately placed. The bonds will have a floating rate which is 285 basis points above the six-month inter-bank rate offered by Karachi.
