Pakistan dollar bonds drop amid rising tensions with India
ReutersApr 30, 2025 9:19 AM
LONDON, April 30 (Reuters) - Pakistan's international bonds dropped more than 1 cent on Wednesday after Lahore said it has "credible intelligence" that India intends to launch military action soon as tensions escalate between the nuclear-armed neighbours.
The 2036 bond suffered the biggest decline, falling 1.3 cents to be bid at 71.85 cents in the dollar, Tradeweb data showed, though bid-ask spreads of around 1 cent pointed to limited liquidity.
Relations between the two countries have been fraying since an April 22 attack on tourists in Indian Kashmir that killed 26 people.
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