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Pakistan secures 3 billion from bond market
Pakistan raised $3 billion from the issuance of high-risk bonds across two tranches, leveraging investor interest following its recent credit rating upgrades over the past two months. Five-year bonds were sold for $1.75 billion at a yield of 7.75%, and ten-year bonds for $1.25 billion at a yield of 8.25%. This marks Pakistan’s return to the dollar bond market after efforts to improve its financial standing, reflecting growing demand following rating upgrades by Moody’s and S&P.
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