(Bloomberg) -- Pakistan International Airlines Corp.
will borrow $532 million in its biggest dollar-denominated loan
to fund the purchase of three new planes after the European Union
in March barred most of its fleet from flying into the region.
The airline hired ABN Amro Holding NV to arrange the loans,
M. Abdul Aleem, the Karachi, Pakistan-based carrier's chief
financial officer said in an e-mailed response to questions.
Pakistan's government and the U.S. Export-Import Bank will
guarantee a 12-year, $470 million part of the loan, he said.
Read more at Bloomberg Bonds News
will borrow $532 million in its biggest dollar-denominated loan
to fund the purchase of three new planes after the European Union
in March barred most of its fleet from flying into the region.
The airline hired ABN Amro Holding NV to arrange the loans,
M. Abdul Aleem, the Karachi, Pakistan-based carrier's chief
financial officer said in an e-mailed response to questions.
Pakistan's government and the U.S. Export-Import Bank will
guarantee a 12-year, $470 million part of the loan, he said.
Read more at Bloomberg Bonds News
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