Pakistan sells first dollar bond since 2007

The sovereign quenches the thirst of frontier market investors by issuing a $2 billion dual-tranche bond, its first international note in seven years.

The Islamic Republic of Pakistan sold a $2 billion dual-tranche note on Wednesday, meeting with heavy demand as investors, particularly US investors, warmed to the country's improved political and economic outlook.

¬ Haymarket Media Limited. All rights reserved.

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