Islamabad: Pakistan has issued $3 billion worth of international Eurobonds, marking what the Ministry of Finance described as a major step in the country’s return to global capital markets.
According to the ministry, the $3 billion transaction is the largest single international bond issuance in Pakistan’s history, with investor demand reaching nearly twice the amount offered.
The issuance will provide Pakistan with $3 billion in external financing, which the government plans to use to meet external financing requirements and repay debt.
Pakistan had earlier issued a $500 million Eurobond this year.
Under the latest transaction, Pakistan raised $1.75 billion through a 5.5-year Eurobond carrying a coupon rate of 7.50%.
Another $1.25 billion was raised through a 10-year Eurobond with a coupon rate of 7.90%.
The Ministry of Finance said strong participation from international investors reflected renewed confidence in Pakistan and marked significant progress in restoring the country’s access to global capital markets.
Pakistan has also issued a bond for the first time under its new Global Medium-Term Note programme.
According to the ministry, the government’s strategy focuses on sovereign debt management, with an emphasis on securing longer-term financing to reduce refinancing and rollover risks.
The ministry said the record Eurobond transaction had strengthened Pakistan’s return to international financial markets.
