Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Pakistan: bonds

In Pakistan, the development of money market and bond market was initiated in late 1990s after the liberalization reforms; however, Pakistan's bond market has developed at a slow pace as compared to other countries. Like other emerging markets, most of the debt financing is done through bank borrowings. According to State Bank of Pakistan (SBP) and Securities and Exchange Commission of Pakistan (SECP) the domestic bonds outstanding were 30 percent of the GDP, equivalent to PKR 5.8 trillion as of June 2012. This consists mainly of government bonds, as the corporate market is yet to develop. Government bond market gained momentum after the introduction of Pakistan Investment Bonds (PlBs) in 2000, which helped to streamline the auction of Government Securities and to develop secondary market for the Government Paper. SBP introduced selective Primary Dealer System (PD) in 2000. In 2001 KlBOR/KIBlD rates were introduced to provide inter-bank call money curve. Outstanding T-bills are roughly PKR 2.4 trillion as of June 2012 out of which banks hold 75 percent worth of short term paper. Outstanding PIB amount is PKR 974 billion, out of which 52 percent of holding are with banks.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
PKR 40 3 688 138 852 637
USD 7 6 300 000 000
corporate
PKR 4 13 500 000 000
USD 3 3 000 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Pakistan, TB 26sep2019 3m - Domestic bonds 0% 110 868 727 000  PKR 07/03/2019 09/26/2019
Pakistan, TB 12sep2019 3m - Domestic bonds 0% 26 627 278 000  PKR 06/19/2019 09/12/2019
Pakistan, TB 29aug2019 3m - Domestic bonds PK03T2908190 0% 107 841 051 000  PKR 06/03/2019 08/29/2019
Pakistan, TB 4jun2020 12m - Domestic bonds PK12T0406206 0% 442 596 000  PKR 06/03/2019 06/04/2020
Pakistan, PIB 30may2029 10Y - Domestic bonds 6M Pakistan T-bill weighted average yield + margin 25 007 000 000  PKR 05/29/2019 05/30/2029
Pakistan, TB 15aug2019 3m - Domestic bonds PK03T1508199 0% 3 137 849 637  PKR 05/22/2019 08/15/2019
Pakistan, TB 21nov2019 6m - Domestic bonds PK06T2111194 0% 1 669 333 000  PKR 05/22/2019 11/21/2019
Pakistan, TB 1aug2019 3m - Domestic bonds PK03T0108199 0% 603 286 250 000  PKR 05/08/2019 08/01/2019
Pakistan, TB 10oct2019 6m - Domestic bonds PK06T1010199 0% 625 760 000  PKR 04/10/2019 10/10/2019
Pakistan, TB 15aug2019 6m - Domestic bonds PK06T1508192 0% 1 424 730 000  PKR 02/13/2019 08/15/2019

Свалка

Daily indices

Type: 10/30/2013 10/29/2013 10/28/2013 10/25/2013 10/24/2013 10/23/2013 10/22/2013
EMBI Global Pakistan 572 564 582 582 581 581 635
show other indices

Forex

Daily indices

Type: 07/22/2019 07/19/2019 07/18/2019 07/17/2019 07/16/2019 07/15/2019 07/12/2019
FOREX rates
[12597] USD/PKR 159.6886 159.9405 159.7735 159.6256 159.5241 159.5218 159.1251
show other indices

Credit Default Swaps (CDS)

Daily indices

Type: 07/22/2019 07/19/2019 07/18/2019 07/17/2019 07/16/2019 07/15/2019 07/12/2019
CDS Pakistan
[23813] CDS 6M Pakistan 122.0000 123.0300 124.0800 125.1200 126.2800 126.9400 127.9500
[23815] CDS 1Y Pakistan 166.8100 168.0600 169.4800 170.8600 171.8900 172.4500 173.2200
[23817] CDS 2Y Pakistan 216.1900 218.0300 219.4400 220.4500 221.3700 222.0100 222.7900
[23819] CDS 3Y Pakistan 263.2400 264.6900 266.2600 267.2600 268.4400 269.4200 270.4100
[23821] CDS 4Y Pakistan 292.3600 293.9100 295.6300 296.7400 298.1400 299.3700 300.5500
[23823] CDS 5Y Pakistan 339.5300 340.8700 342.9400 344.4000 346.1900 347.8200 349.3400
[23825] CDS 7Y Pakistan 389.2500 390.6100 392.8100 394.4300 396.3800 398.1900 399.7300
[23827] CDS 10Y Pakistan 403.6900 404.9300 406.9500 408.4200 410.2300 411.9500 413.2700
[23829] CDS 15Y Pakistan 404.4100 405.4500 407.1400 408.4400 409.9200 411.4700 412.4400
[23831] CDS 20Y Pakistan 409.8300 410.8300 412.0900 412.9500 413.9400 415.2100 415.6900
[23833] CDS 30Y Pakistan 394.6500 395.2800 396.4900 397.4500 398.2300 399.1500 399.1100
show other indices

BIS

Quarterly indices

Type: I 2019 III 2018 II 2018 I 2018 IV 2017 III 2017 II 2017
BIS international bonds outstanding volume
[10337] Pakistani international bonds, USD bln 8.300 8.300 8.300 8.300 8.300 5.800 5.800
BIS new international bonds volume
[10471] International-bond net issue of Pakistan, USD bln 0.000 0.000 0.000 0.000 2.500 0.000 -0.800

GDP

Yearly indices

Type: 2018 2017 2016 2015
Government debt-to-GDP (Asia, excl. Japan)
[15341] Government Debt to GDP(Pakistan) 72.50 67.20 66.50 63.20

International bonds outstanding volume

Monthly indices

Type: Jun 2019 May 2019 Apr 2019 Mar 2019 Feb 2019 Jan 2019 Dec 2018
Asia international bonds outstanding volume
[21665] Pakistan international bonds, USD bln 6.300 6.300 6.300 7.300 7.300 7.300 7.300
[21703] Pakistan corporate international bonds, USD bln 0.000 0.000 0.000 0.000 0.000 0.000 0.000
[21741] Pakistan sovereign international bonds, USD bln 6.300 6.300 6.300 7.300 7.300 7.300 7.300
show other indices

Default probability (based on CDS)

Daily indices

Type: 07/22/2019 07/19/2019 07/18/2019 07/17/2019 07/16/2019 07/15/2019 07/12/2019
Default Probability Pakistan (ICE Data Derivatives)
[23835] 6M Default Probability Pakistan 0.6800 0.7000 0.7100 0.7200 0.7300 0.7400 0.7600
[23837] 1Y Default Probability Pakistan 2.0400 2.0800 2.1000 2.1200 2.1400 2.1500 2.1800
[23839] 2Y Default Probability Pakistan 5.4600 5.5300 5.5700 5.6100 5.6400 5.6600 5.7000
[23841] 3Y Default Probability Pakistan 9.9600 10.0300 10.1000 10.1500 10.2000 10.2400 10.3100
[23843] 4Y Default Probability Pakistan 14.5500 14.6500 14.7400 14.8000 14.8800 14.9400 15.0300
[23845] 5Y Default Probability Pakistan 20.7700 20.8700 20.9900 21.0900 21.2100 21.3100 21.4300
[23847] 7Y Default Probability Pakistan 31.7100 31.8300 31.9900 32.1200 32.2800 32.4200 32.5600
[23849] 10Y Default Probability Pakistan 43.1900 43.3200 43.4800 43.6100 43.7800 43.9200 44.0600
[23851] 15Y Default Probability Pakistan 56.8300 56.9300 57.0700 57.1900 57.3200 57.4600 57.5500
[23853] 20Y Default Probability Pakistan 68.0900 68.1900 68.2500 68.2900 68.3400 68.4300 68.4300
[23855] 30Y Default Probability Pakistan 78.4600 78.4600 78.5300 78.6000 78.5800 78.6100 78.4900
show other indices

Inflation

Monthly indices

Type: Jun 2019 May 2019 Apr 2019 Feb 2019 Jan 2019 Dec 2018 Nov 2018
Inflation (Asia, excl. Japan)
[15701] Inflation Rate (Pakistan) 8.89 9.11 8.82 8.21 7.19 6.17 6.50
show other indices

New international bonds volume

Yearly indices

Type: 2018 2017 2016 2015 2014
Asia new international bonds volume
[19473] Annual new issues of Pakistan sovereign international bonds, USD bln 0.000 2.500 1.000 0.500 3.000
[19511] Annual new issues of Pakistan corporate international bonds, USD bln 0.000 0.000 0.000 0.000 0.000
[19549] Annual new issues of Pakistan corporate international bonds, (financial sector) USD bln 0.000 0.000 0.000 0.000 0.000
[19587] Annual new issues of Pakistan corporate international bonds, (non-financial sector) USD bln 0.000 0.000 0.000 0.000 0.000

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Pakistan, 6.75% 3dec2019, USD   USD 12/03/2019 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Pakistan, 6.875% 1jun2017, USD   USD 06/01/2017 05/18/2016 ***.*** *.** 05/18/2016 ***.* *.**
Pakistan, 7.25% 15apr2019, USD   USD 04/15/2019 05/18/2016 ***.** *.* 05/18/2016 ***.* *.**
Pakistan, 7.875% 31mar2036, USD   USD 03/31/2036 05/18/2016 **.* *.** 05/18/2016 **.** *.**
Pakistan, 8.25% 15apr2024, USD   USD 04/15/2024 05/18/2016 ***.** *.** 05/18/2016 ***.* *.**
Pakistan, 8.25% 30sep2025, USD   USD 09/30/2025 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×