On September 25, 2015, Pakistan floated 10-year Eurobonds valued at _____ on the international market.
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Answer: C. $500 million
Explanation
Developing nations frequently issue sovereign debt instruments in foreign capital markets. Pakistan successfully floated international financial bonds to bolster foreign exchange reserves. The value of these specific 10-year Eurobonds was five hundred million dollars. Eurobonds are denominated in currencies other than the home currency of the issuing nation. Global financial institutions and institutional investors purchase sovereign bonds to earn interest. Macroeconomic stability indicators influence the pricing and yields of international sovereign debt.
Foreign reserves stabilization is crucial for maintaining currency exchange rate stability and trade. Financial journalists closely monitor bond issuances to gauge international investor confidence. Economic planners use debt proceeds to fund developmental projects and manage fiscal deficits. $5 million represents an insignificantly small amount for a sovereign international bond. $50 million is far below the actual scale of national foreign capital market issuances. $5000 million vastly exceeds the specific transaction value recorded for this issuance.
- Subject
- Pakistan Studies
- Category
- Pakistan Studies
- Topic
- —
- Difficulty
- medium
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