Pakistan’s Dollar Bonds Tick Lower After Regime Change in Afghanistan
Dollar bonds of Pakistan traded weaker after the fallout in Afghanistan where its US-backed government collapsed over the weekend with Taliban taking over the regime. FT reports fund managers saying that the exodus of refugees from Afghanistan could strain the...
Pakistan Raises $1bn via Three-Tranche Tap
Pakistan raised $1bn via a tap of three bonds. It raised: $300mn via a tap of their 6% 2026s at a yield of 5.875%, ~18.75bp inside initial guidance of 6%-6.125% area $400mn via a tap of their 7.375% 2031s at a yield of 7.125%, 25bp inside initial guidance of 7.375%...
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...
