Pakistan pushes its curve out to 2036
Pakistan prices its largest ever debt deal, while racing out to establish a long-dated curve only two years after its debut.
The Islamic Republic of Pakistan has priced its third international bond deal in the past two years with a dual tranche upsized $800 million transaction. The deal, led by Citigroup, Deutsche Bank and JPMorgan, is split into a $500 million 10 year tranche and a $300 million 30 year tranche. Together, they represent the largest ever fundraising exercise for Pakistan.
Furthermore, with the completion of a 30 year tranche, Pakistan becomes one of the fastest emerging market sovereigns to...
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