"The decline in
Sovereign Bond Yields indicate that the worst is over for Sri Lanka.
The reserves slipped below the $9.5-billion mark as the country made payments against the Pakistan
Sovereign Bond.
Sovereign bond issuances dominated GCC debt market activity this quarter, with notable multi-tranche issuances by the State of Qatar ($12 billion) and the Kingdom of Saudi Arabia ($7.5 billion).
ISLAMABAD -- Pakistan's foreign exchange reserves tumbled by over one billion dollars in last week mainly due to the repayment against Pakistan
Sovereign Bond.
The decrease in dollar stock came amid external debt servicing, including principal repayment of $1bn against Pakistan
Sovereign Bond, said a press release from SBP.
From 1973 to 1995, the external
sovereign bond market was relatively small, as most lending to sovereign countries came from syndicated bank loans.
Securities and Exchange Commission, determined that a 'Revision Rating' action taken on 12 August 2016 on a EUR1 billion Poland
sovereign bond maturing 10 May 2027 (ISIN XS1209947271) was a corrective action taken on account of an error.
GCC countries are seeing an increase in foreign capital flows this year and the main source of inflows remains
sovereign bond issuance, according to the Institute of International Finance (IIF).
It also said that fullyear
sovereign bond issuance was likely to exceed the US$ 49.5 billion issued by governments last year, despite the fact that a number of hydrocarbon-exporting governments are benefitting from higher oil prices, which is helping to plug budget deficit gaps.
The GCC
sovereign bond market witnessed proceeds of $23 billion led by Qatar during the second quarter of 2018, PricewaterhouseCoopers (PwC) has said in its latest report.
Sukuk issuances Led by the state of Qatar and the Kingdom of Saudi Arabia, the GCC
sovereign bond market witnessed proceeds of $22.9 billion during the second quarter of 2018 from its two largest
sovereign bond issuers.