by Amruth Sundarkumar | Jan 12, 2023 | Sovereign Bonds, Sovereigns
Pakistan has secured over $9bn in pledges from international lenders and governments after a donors conference to help the nation in recovering from the massive floods it faced last year. The Prime Minister said that pledges of $4.2bn from the Islamic Development...
by Amruth Sundarkumar | Jan 9, 2023 | Sovereign Bonds, Sovereigns
Pakistan’s dollar bonds moved higher by 0.7-1 points but then ended lower by 0.3 points after the latest update on its finances. Its Finance Minister Ishaq Dar said that China and Saudi Arabia would enhance their support to the nation with financing by...
by Amruth Sundarkumar | Jan 3, 2023 | Sovereign Bonds, Sovereigns
Pakistan and its senior notes were downgraded to CCC+ from B- by S&P due to “continued weakening” of its external, fiscal, and economic metrics. High inflation, interest rates, the impact of the floods and market conditions will pressure...
by Amruth Sundarkumar | Dec 8, 2022 | Sovereign Bonds, Sovereigns
Pakistan will receive financial help from Saudi Arabia as per Saudi Finance Minister Mohammed Al Jadaan. He said that the government will “continue to support Pakistan as much as we can”. Saudi Arabia extended the maturity of a $3bn deposit earlier this month to...
by Amruth Sundarkumar | Nov 28, 2022 | Sovereign Bonds, Sovereigns
Pakistan is set to repay its $1bn 5.625% bond due December 5, three days before its due date, the nation’s central bank governor Jameel Ahmad said. The bond is currently trading at 97.1 cents on the dollar. He added that funding has been lined up from...
