by Amruth Sundarkumar | May 11, 2022 | Sovereign Bonds, Sovereigns
Pakistan has hired banks for its first dollar bond sale under the new government led by Prime Minister Shehbaz Sharif. As per reports, JPMorgan Chase, Citigroup, Standard Chartered and Credit Suisse are the banks that have gotten the nod to manage the sale of...
by Amruth Sundarkumar | Apr 28, 2022 | Sovereign Bonds, Sovereigns
Pakistan’s dollar bonds have trended higher after it sought to increase the size of its IMF loan program alongside the extension of the program by a year. The exact details will be decided when the IMF team comes to Pakistan in May. The discussions concern the...
by Amruth Sundarkumar | Apr 26, 2022 | Sovereign Bonds, Sovereigns
Dollar bonds of Argentina’s provinces like Cordoba, Neuquen, Mendoza and Chubut are among the top gainers in April and in Q1, outperforming the sovereign government’s dollar bonds. In Q1, some of the provincial bonds rallied about 13% while the government...
by Amruth Sundarkumar | Apr 25, 2022 | Sovereign Bonds, Sovereigns
IMF has “largely agreed” to extend its current loan program to Pakistan for another one year, according to Miftah Ismail, Pakistan’s finance minister. Details however would be deliberated and decided next month during a mission visit to Pakistan and...
by Amruth Sundarkumar | Apr 21, 2022 | Sovereign Bonds, Sovereigns
Pakistan’s finance minister Miftah Ismail said that Pakistan will need to cut expenditures and public sector development funds in order to be able to revive an IMF programme. Reuters notes that Pakistan is currently waiting for the IMF to resume talks on its...
by Amruth Sundarkumar | Apr 8, 2022 | Sovereign Bonds, Sovereigns
Oman’s public revenue stood at OMR 1.92bn ($4.98bn) and net oil revenues at OMR 1.1bn ($2.9bn) at the end of February 2022, up by 76% and 81% YoY respectively. Its revenue and budget surplus surged from oil prices shooting up and a higher tax collection. For the first...
