Pakistan raises $3bn through Eurobond sale
Pakistan has raised $3 billion through a dual-tranche Eurobond sale that drew nearly $6 billion in orders, its finance ministry said on Thursday. It raised $1.75 billion through a 5.5-year bond at a coupon rate of 7.5% and $1.25 billion through a 10-year bond at 7.9%, the ministry said. “Pakistan has successfully issued US$3 billion through a landmark dual-tranche Eurobond transaction, the…
Pakistan successfully raised $3 billion through a dual-tranche Eurobond sale on Thursday, according to its finance ministry. The issuance comprised a 5.5-year bond issued at a coupon rate of 7.5% and a 10-year bond at 7.9%, totaling $1.75 billion and $1.25 billion respectively. Finance ministry officials highlighted that the transaction, the largest ever by Pakistan in a single issuance, was met with nearly $6 billion in orders from a diverse and international group of institutional investors.
This accomplishment marks a significant milestone in Pakistan's reinvigorated access to global capital markets, reflecting robust investor confidence and the nation's capacity to tap into substantial international funding.
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