by bondevalue | Mar 31, 2021 | Sovereign Bonds
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...
by bondevalue | Mar 25, 2021 | Sovereign Bonds
The IMF said it approved a $500mn disbursement to Pakistan for budget support. This is part of a bailout program to avoid bankruptcy two years back amounting to SDR 4.27bn (~$6bn) where the IMF had completed delayed reviews. The IMF said overall disbursements under...
by bondevalue | Mar 18, 2021 | Sovereign Bonds
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...
