by Amruth Sundarkumar | Aug 17, 2021 | Sovereign Bonds, Sovereigns
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...
by Amruth Sundarkumar | Jul 7, 2021 | Sovereign Bonds
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%...
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...
