Improvements at home help Pakistan move back to bonds

By Isabella Zhong
03 Apr 2014

The Islamic Republic of Pakistan met investors this week as it looks to return to the international bond market. But while the issuer’s fundamentals are improving, it will still have to work to win over investors, writes Isabella Zhong.

The Caa1/B- rated sovereign has mandated Bank of America Merrill Lynch, Barclays, Citi and Deutsche Bank to hold concurrent investor meetings in Asia and Europe, the Middle East and the US, according to a senior syndicate banker on the deal.

“It’s going to be interesting to see how ...

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