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Pakistan launches $2 billion of five-, 10-year notes; pricing Tuesday
By Christine Van Dusen
Atlanta, April 8 - Pakistan launched a two-part $2 billion offering of notes due in five and 10 years (Caa1/B-/), a market source said.
The five-year notes launched at 7¼% after talk in the mid-7% area.
The 10-year notes launched at 8¼% after talk in the mid-8% area.
BofA Merrill Lynch, Barclays, Citigroup and Deutsche Bank are the bookrunners for the Rule 144A and Regulation S deal.
The notes are expected to price on Tuesday.
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