Pakistan curve lifted as country turns to IMF

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By Addison Gong
09 Oct 2018

The Islamic Republic of Pakistan’s outstanding dollar bonds received a boost on Tuesday after the country turned to the IMF for assistance. Addison Gong reports.

The B3/B/B rated sovereign’s $1.5bn 6.875% 2027 bond were up by 1.5 to two points on Tuesday morning, while its dollar sukuk traded 20bp-30bp tighter.   

The rally followed reports that Pakistan is set to meet the IMF at its annual meeting this week in Bali, Indonesia, to ...

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