Sovereign Debt

Bangladesh Plans Its First Ever Sovereign Dollar Bond, Targeting Up to $1 Billion by December

Bangladesh is preparing to sell its first ever sovereign bond in international capital markets, with officials targeting between $500 million and $1 billion by December. A high powered committee led by the prime minister's special assistant for investment and capital market affairs is working alongside the finance ministry and Bangladesh Bank to structure the debut offering. The move comes just days after Moody's revised the country's credit outlook to stable, a signal officials hope will help attract international investors. If it goes ahead, the bond would mark a historic first for a country that has relied almost entirely on concessional loans from multilateral lenders and domestic banks to finance its budget.