Pakistan repays IMF with Eurobonds worth $1 billion

ISLAMABAD, Pakistan: Pakistan's central bank said it made a scheduled payment of US$1 billion in Eurobonds over the weekend, preceding its application for a long-term bailout from the International Monetary Fund (IMF).

Launched in 2014 and repaid last week, the bond matures this month.

"The payment was made to the agent bank for onward distribution to the bond holders," the central bank said.

Sin