ISLAMABAD: Pakistan has raised a total of $3 billion through two Eurobond issuances, securing $1.75 billion from a 5½-year bond and another $1.25 billion from a 10-year bond, according to the Finance Ministry.
The 5½-year Eurobond carries a coupon rate of 7.50%, while the 10-year bond has a coupon rate of 7.90%, the ministry said.
The Finance Ministry said strong participation from international investors reflected renewed confidence in Pakistan and marked an important step in restoring the country’s access to global capital markets.
Pakistan issued the bonds for the first time under its new Global Medium-Term Note Programme, according to the ministry.
The government said its debt strategy is focused on sustainable sovereign debt management rather than simply increasing borrowing. It has also emphasized long-term financing to reduce refinancing and rollover risks.
The ministry described the Eurobond issuance as a significant development in Pakistan’s return to international financial markets, saying strong investor participation demonstrated improved market confidence in the country.