Friday, 18 May 2007

Pakistan, Undeterred by Bombings and Riots, Plans its Biggest Bond Sale

(Bloomberg) --Pakistan's government, undeterred by
riots and bombings, may raise $1 billion in its biggest debt
sale as investors seek riskier, higher-yielding debt.

The South Asian nation plans to sell as much as $1 billion
of bonds, Standard & Poor's said today, in rating the securities
B+, four levels below investment grade. The government plans to
sell debt maturing in 10 years and more of its bonds maturing in
2036, the credit assessor said in a statement.


Read more at Bloomberg Bonds News

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