Bond revival

PAKISTAN has raised a record $3bn in its single largest international capital market transaction through a dual-tranche Eurobond sale that drew nearly $6bn in total orders. When international investors offer to lend a country almost twice what it is asking for and are willing to do so for as long as 10 years, they are betting that Pakistan will still be solvent, still servicing its debt, and still worth holding paper on a decade from now. That bet placed by a widespread group of institutional bu

Source: Dawn