{
  "id": 5230774,
  "title": "Pakistan raises $3bn through dual-tranche Eurobond sale",
  "url": "https://urgent.news/2026/09/03/pakistan-raises-3bn-through-dual-tranche-eurobond-sale-5230774",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T02:36:03.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2027082/pakistan-raises-3bn-through-dual-tranche-eurobond-sale"
  },
  "original_language": "en",
  "account": "Pakistan successfully raised a record $3 billion through a dual-tranche Eurobond sale, marking its largest single international capital market transaction. The Ministry of Finance reported that the transaction generated nearly $6 billion in orders, almost twice the amount issued, from a wide range of institutional investors across global markets. The sale included $1.75 billion in 5.5-year bonds with a 7.5% coupon rate and $1.25 billion in 10-year bonds at a 7.9% coupon rate. Pakistan's last major Eurobond was issued more than a decade ago at an 8.25% interest rate and has since been repaid. This successful sale signals strong investor confidence in Pakistan's ability to access global funding markets at scale. The transaction also represents a milestone in Pakistan's broader market strategy, as part of the country's renewed Global Medium-Term Note (GMTN) Programme. This issuance aims to diversify financing sources, extend maturities, reduce refinancing and rollover risks, and replace shorter-term obligations with longer-duration, competitively priced financing. Over the past three years, Pakistan's improving economic performance has been recognized through credit-rating upgrades and renewed access to international capital markets. The significant global demand for Pakistani bonds, totaling $6 billion, demonstrates renewed confidence in the country's medium and long-term trajectory. This landmark moment in Pakistan's journey towards sustained growth follows the government's earlier successful Eurobond issuance in April, which raised $500 million, later increased to $750 million through a $250 million green-shoe option.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Dawn",
        "title": "Pakistan raises $3bn through dual-tranche Eurobond sale",
        "url": "https://urgent.news/2026/09/03/pakistan-raises-3bn-through-dual-tranche-eurobond-sale",
        "published": "2026-09-03T02:36:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}