its 2 billion U.S. dollars Eurobond alongside the principal amount in the last week of June

KARACHI: The State Bank of Pakistan( SBP) has received$ 1 billion against the issuance of Eurobonds

Rs0. 34tr through Eurobonds.... In the unlikely case of failed negotiations, he said, Plan B is

, there is a$ 1 billion Eurobond maturing on Oct 13, and the government is hoping to float another bond

experience of Wapda’s 2021 Eurobonds.... These instruments are developed mainly in response to

Therefore, Pakistan has deferred its plan to launch a$ 1. 5bn Eurobond because of higher interest

LUSAKA( Reuters)-Zambia's newly-elected President Hakainde Hichilema named experienced economist Situmbeko Musokotwane as his new finance minister on Friday, as the southern African country grapples with an unsustainable$ 12 billion in external debt.At his swearing in on Tuesday, after a surprise landslide election win against incumbent Edgar Lungu, Hichilema vowed to bring public spending and the deficit under control. Musokotwane, who was previously finance minister between 2008 and 2011, face

LONDON: Russia may be in default after it tried to service its dollar bonds in roubles due to Western sanctions over the war in Ukraine, Moody’s said, Moscow’s first major default on foreign bonds since the years following the 1917 Bolshevik revolution. Russia made a payment due on April 4 on two sovereign bonds – maturing in 2022 and 2042-in roubles rather than the dollars it was mandated to pay under the terms of the securities. Russia “ therefore may be considered a default under Moody’s defi

NAIROBI, Oct 27( Reuters)-Kenya has raised its budget deficit forecast for the 2023/ 24( July-June) financial year to 5.3% of GDP from 4.4%, a summary of revised spending estimates presented to parliament showed on Friday. The wider projection was due to the weakening of the Kenyan shilling against the dollar, Finance Minister Njuguna Ndung'u said, which drove up the projected amount of cash required to repay foreign debts during the period." The data we have has shown that approximately 145 bil

" So essentially the creditors committee has put forward the same proposal for all our other creditors-largely similar terms.... Some could be more favourable."" The idea is to give us enough space until we work out the full restructuring under the G20 framework," he said, referring to a process set up by G20 countries in response to the COVID-19 pandemic. Ethiopia first requested a restructuring under the G20 Common Framework in 2021....