Updated: Pakistan rides return of IMF programme to sell bonds

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By Morgan Davis
31 Mar 2021

The Islamic Republic of Pakistan marketed its first dollar bond in more than three years this week, following the return of the country’s IMF programme. The triple tranche transaction raised the south Asian country $2.5bn — and proved its resilience in the face of the pandemic. Morgan Davis reports.

Pakistan’s transaction came amid a rush of bond issuances from emerging market sovereigns this week. All eyes were on the Republic of Ghana, a syndicate banker on the Pakistan deal said, which priced a $3.025bn four tranche transaction on Monday. Also on Monday, the Republic of the ...

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