Pakistan Raises $1bn via Three-Tranche Tap

Pakistan Raises $2.5bn via Three-Trancher

Pakistan sold new bonds worth $2.5bn on Tuesday. Details of the tranches are as follows: $1bn 5Y bonds at a yield of 6%, 25bp inside initial guidance of 6.25% area $1bn 10Y bonds at a yield of 7.375%, 12.5bp inside initial guidance of 7.5% area $500mn 30Y bonds at a...
Pakistan Raises $1bn via Three-Tranche Tap

Pakistan Hires Bankers for Offshore Bond

Pakistan has hired bankers for a foreign currency bond issue as per sources. The banks mandated include Deutsche Bank, JPMorgan Chase, Credit Suisse, Standard Chartered and Emirates NBD Bank PJSC. Pakistan, rated B3/B-/B-, and the IMF had reached an agreement on a...
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