April 15, 2026
Pakistan’s bonds rise on $3 billion Saudi support amid financing gap
Dollar-denominated bonds due in 2031 and 2036 both gained 0.8 cents, with the 2036 issue trading at 97.77 cents on the dollar
April 15, 2026
Pakistan’s international bonds rose on Wednesday after news that Saudi Arabia will provide $3 billion in additional support to help the country manage a multi-billion dollar financing gap linked to a repayment to the United Arab Emirates, Reuters reported.
Dollar-denominated bonds due in 2031 and 2036 both gained 0.8 cents, with the 2036 issue trading at 97.77 cents on the dollar, according to Tradeweb data.
The rally pushed Pakistan’s bonds to their strongest levels since late February, when regional tensions escalated following strikes on Iran by Israel and the United States.
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