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Pakistan Raises $3b in Largest-Ever International Bond Transaction
The Ministry of Finance said the sale drew $6 billion in offers, signaling renewed international confidence and Pakistan’s return to global capital markets.
- On Thursday, Pakistan raised $3 billion through a dual-tranche Eurobond, marking the country's largest-ever international bond issuance while attracting nearly $6 billion in investor demand.
- Finance Minister Muhammad Aurangzeb attributed the successful offering to three years of economic recovery, including three successive credit-rating upgrades since April last year and a fiscal deficit reaching a 22-year low.
- The offering comprised $1.75 billion through a 5.5-year Eurobond at 7.5% and $1.25 billion through a 10-year Eurobond at 7.9%, with particularly strong demand from institutional investors across Asia, the Middle East, Europe and the United States.
- Ministry of Finance officials stressed the objective was not simply raising debt but pursuing "active sovereign liability management" by diversifying financing sources and extending debt maturities to reduce refinancing risks.
- Despite this progress, the ministry acknowledged the reform process remains incomplete, requiring continued focus on fiscal discipline and structural reforms, though Pakistan's renewed Global Medium-Term Note Programme enables more diversified international capital market access.
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15 Articles
15 Articles
Pakistan borrows $3 billion, calls it investor confidence: How Islamabad is glorifying fresh debt
Pakistan is celebrating a record $3 billion Eurobond, but the much-hyped “investor confidence” amounts to Islamabad securing another loan it will eventually have to repay, with interest.
·Delhi, India
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Pakistan secures $3bn through its 'largest-ever' Eurobond transaction
Nearly $6bn orders received for $3bn bond issuance.10-year tranche attracts strong demand at 7.9%.Ministry says demand signals renewed investor confidence.Pakistan has successfully raised $3 billion through a landmark dual-tranche...
·Karachi, Pakistan
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Coverage Details
Total News Sources15
Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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