HomeMarketsPakistan Set to Pay $1 Billion Bonds as Default Risk Persists

Pakistan Set to Pay $1 Billion Bonds as Default Risk Persists

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  • The government is set to make payments on bonds due on Monday.
  • The nation’s long-term bonds trade at difficult levels
Pakistan's long-term bonds are still trading at distressed levels
Pakistan’s long-term bonds are still trading at distressed levels (Image: Bloomberg)

Pakistan will pay a $1 billion bond on Friday, dodging the risk of a short-term default, even as concerns persist about its ability to repay its long-term debt.

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Talks with the International Monetary Fund for the next tranche of about $600 million have also been delayed as the nation assesses how much reconstruction will cost. Pakistan needs to pay about $25 billion in the year that began in July, though most of it has been extended or paid, Jameel said.

Source: Bloomberg

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