Pakistan is back in the global market looking to raise funds today through dollar bonds its sold in March

Pakistan is back in the global market looking to raise funds today through dollar bonds its sold in March

🔵Pakistan is back in the global market looking to raise funds today through dollar bonds its sold in March
🔵Rates are low, there is a global rush to raise funds before financing costs rise
🔵Pakistan is getting a lower price than last time.

Price guidance:
5.875% area for 5 year
7.125-7.250% area for 10 year
8.5-8.625% area for 30 year

Since many are surprised and this came a bit out of the blue, Pakistan did a MTN program this time that allows multiple transactions over a year rather than one new bond issue.

Faseeh Mangi Twitter.

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