Tuesday, May 22, 2007

Pakistan's Bond Sale to Offer Higher Returns Than Uruguay, Philippine Debt

(Bloomberg) -- Pakistan's government is offering
higher returns than debt sold by the Philippines and Uruguay to
attract investors to what may be its biggest bond sale.

Pakistan is seeking to sell 10-year bonds to yield about 7
percent, according to an e-mail sent to investors. The South Asian
nation plans to sell as much as $1 billion of bonds, Standard &
Poor's said on May 18, in rating the securities B+, four levels
below investment grade.


Read more at Bloomberg Bonds News

No comments: