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PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States
ZeroHedge· 2026-04-24 06:15
Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co. Pimco intends to hold the bonds over the long term, a Bloomberg source said. Earlier this month, Pimco - which is rapidly emerging as a lender of ...