Pakistan raises $3bn through dual-tranche Eurobond sale
ISLAMABAD: Pakistan has raised a record $3 billion — its single largest international capital market transaction — through a dual-tranche Eurobond sale that drew nearly $6bn in orders, the Ministry of Finance said on Thursday. In a statement, it said: “The transaction attracted nearly $6bn in orders — almost twice the amount issued — from a broad and diversified base of institutional investors…
ISLAMABAD: Pakistan has successfully raised a record $3 billion through a dual-tranche Eurobond sale, marking its largest international capital market transaction to date. The Ministry of Finance revealed that the transaction attracted nearly $6 billion in orders, nearly twice the amount issued, from a diverse range of institutional investors across global markets and continents.
The dual-tranche Eurobond sale included $1.75 billion through a 5.5-year bond at a 7.5% coupon rate and $1.25 billion through a 10-year bond at a 7.9% coupon rate. This successful issuance represents a significant milestone in Pakistan's renewed and diversified access to international capital markets, showcasing strong investor confidence and the country's ability to access global funding markets at a substantial scale.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
