Inside Financial Markets

PAKISTAN TO ISSUE FIVE AND 10-YEAR BENCHMARK-SIZED US DOLLAR BONDS -SOURCE

PAKISTAN TO ISSUE FIVE AND 10-YEAR BENCHMARK-SIZED US DOLLAR BONDS -SOURCE

LONDON, April 7 (IFR) – The Islamic Republic of Pakistan, rated Caa1 by Moody’s and B- by Standard & Poor’s, has announced its intention to issue US dollar denominated bonds with five and 10-year tenors, according to a source.

Both bonds, which will be issued under a 144a/Reg S format, are expected to be of benchmark size.

The sovereign completes investor meetings in the US today, with the deal expected to price on Tuesday, subject to market conditions.

Bank of America Merrill Lynch, Barclays, Citigroup and Deutsche Bank are the lead managers.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)