Pakistan launches dual-tranche Eurobond offering
ISLAMABAD: Pakistan on Tuesday launched the process for a US dollar-denominated benchmark dual-tranche Eurobond offering with five-year and 10-year tenors, as the government seeks to deepen its return to international capital markets following recent sovereign rating upgrades. Adviser to the Finance Minister Khurram Schehzad said in a post on X that the proposed transaction was subject to market…
Pakistan has launched a dual-tranche Eurobond offering with five-year and 10-year tenors, seeking to deepen its return to international capital markets after recent sovereign rating upgrades. Adviser to the Finance Minister Khurram Schehzad announced the proposed transaction, subject to market conditions, as another step in the country's renewed engagement with international investors.
The size of the issuance and final yields are yet to be announced, depending on investor demand and market conditions. This move comes less than five months after Pakistan returned to the international bond market following a four-year absence, with the government initially raising $500 million through a three-year Eurobond in April, which was later increased to $750 million due to strong investor demand.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
