USD3bn raised thru dual-tranche Eurobond sale
ISLAMABAD: Pakistan has successfully issued USD 3 billion through a landmark dual-tranche Eurobond transaction, the largest-ever international bond issuance by Pakistan in a single transaction, said the Ministry of Finance. The transaction attracted nearly USD 6 billion in orders — almost twice the amount issued — from a broad and diversified base of institutional investors across global markets…
Pakistan successfully raised USD 3 billion through a dual-tranche Eurobond sale, marking the largest-ever international bond issuance by the country in a single transaction. The Ministry of Finance reported that the transaction attracted nearly USD 6 billion in orders from a broad and diversified base of institutional investors across global markets and continents.
The issuance comprised USD 1.75 billion through a 5½-year Eurobond with a 7.50 percent coupon and USD 1.25 billion through a 10-year Eurobond with a 7.90 percent coupon. This transaction demonstrates Pakistan's ability to access global funding markets at significant scale and represents a major milestone in the country's Road to Market strategy, aimed at diversifying financing sources, extending maturities, and reducing refinancing and rollover risks.
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