Pakistan scores a coup with $2bn comeback

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By Isabella Zhong
10 Apr 2014

Pakistan returned to the bond market on Tuesday night with a $2bn dual trancher that attracted US investors, as the frontier economy ended a seven year exile from capital markets. The reception from Asian accounts was a little cooler, however.

The sovereign had to overcome plenty of negative sentiment. The country is recovering from the political and economic turbulence it has encountered during recent years, but investors were still cautious about the five and 10 year offering.

“We got ...

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