Pakistan international bond yields drop to 43.3%

July 21, 2022 (MLN): The interest rates for Eurobond maturing on April 15, 2024, for tenor 10 years recorded a drop of 2.54% to 43.3% on Thursday while the bonds maturing in 2025 also shed weight by 3.08% to 30.5%.

To recall, on July 19, 2022, the interest rates for the same bonds recorded an increase of 16% to 50.6%, owing to the rising concerns over the deterioration in the country's external liquidity position and financing conditions since early 2022.

Meanwhile, the interest rate on 10 years Eurobonds maturing on September 30, 2025, climbed to 35.6%.

The dismal outlook of Pakistan's economy portrayed by the renowned rating agencies on the back of rising political and economic uncertainties was the main reason behind the spike in Eurobond yields earlier.

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