SINGAPORE: Pakistan has mandated a dollar bond offering to take place sometime in the first quarter, according to bankers not involved in the transaction. Further details on the offering, including the names of the banks that may be involved, could not be confirmed.
The deal may happen as early as this quarter. The sovereign first circulated a request for proposals last year as it looked to return to the dollar market after a 7-year absence. With Caa1/B ratings, Pakistan could become the lowest-rated sovereign from Asia to issue dollar bonds. – Reuters
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