Tuesday, January 18, 2022 4:23

Pakistan Launches $2bn Two Part Bond

Posted by on Wednesday, April 9, 2014, 10:33
This news item was posted in Business category and has 0 Comments so far .


The government of Pakistan is set to raise $2bn through its upcoming issue of five- and 10-year bonds. The sovereign, rated Caa1/B- by Moody’s/S&P, has launched a USD1bn five-year tranche at the final yield of 7.25% and a 10-year portion at 8.25%.

Final terms came at the tight end of revised guidance of 7.25%-7.375% for the five-year note and of 8.25%-8.375% for the 10-year note and tight to initial price thoughts of mid-7% and mid-8% respectively released on Monday.

Barclays, Bank of America Merrill Lynch, Citigroup and Deutsche Bank are the lead managers on the 144A/Reg S issue, which is expected to price later on Tuesday.

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