Eurobond | Pakistan

ISLAMABAD: The government announced on Monday that it has increased its Eurobond to $750 million from $500m by exercising the green-shoe option as the country’s foreign exchange needs grow due to a higher oil import bill amid the war in the Middle East. A green-shoe option is the over-allotment provision allowing the borrower to raise additional funds at the same rate if the public demand exceeds expectations. “Following its successful return to international capital markets after four years, Pakistan has upsized its Eurobond issuance to $750m, with an additional $250m placed with global institutional investors through the exercise of the green shoe option,” the Ministry of Finance said in a statement. Khurram Schehzad, the adviser to the finance minister, said on the social media platform X that the development reflected “stronger-than-expected investor demand, reinforcing confidence in Pakistan’s economic outlook and market re-entry”. He said that the three-year Eurobond, which was initially placed at $500m...

ISLAMABAD: A day after receiving $2 billion in assistance from Saudi Arabia, the government on Friday announced it had raised $500 million from the international capital market through a Eurobond after four years. In a post on the social media platform X, Adviser to the Finance Minister Khurram Schehzad said, “Pakistan has successfully returned to the international capital markets after a four-year hiatus, with the issuance of a $500m Eurobond today, at attractive terms under its Global Medium-Term Note (GMTN) Programme.” “The three-year Eurobond witnessed strong investor demand despite ongoing global market and geopolitical uncertainties — signalling renewed confidence in Pakistan’s economic outlook,” he said. Informed sources said the bond attracted 6.95 per cent interest rates with maturity in April 2029. The announcement came a day after Saudi Arabia announced it was extending its support of $5bn to $8bn, with the first additional disbursement of $2bn. In his X post, Schehzad said that this “well-timed is...

Pakistan repaid $1.43 billion in external debt, including a $1.3 billion Eurobond maturing on April 8, Adviser to the Finance Minister Khurram Schehzad said on Tuesday. “As part of its routine course of external debt management, Pakistan has repaid its $1.3bn Eurobond maturing on April 8 — on schedule and in full,” he said in a post on the social media platform X. “Alongside, the country has also met $126.125 million in coupon obligations on other Eurobond issuances,” he said, adding that this brought total payments on Tuesday to “over $1.426bn”. “Debt servicing continues to be executed as a non-event — reflecting consistency, discipline, and strengthened capacity,” he said. “The seamless execution of large external repayments underscores both capacity and consistency — reinforcing Pakistan’s credibility across global investors and financial institutions,” he said. The development follows Pakistan’s decision to return $3.5 billion in debt to the UAE before the end of this month. According to a senior Pakistan...

Pakistan has repaid its $500 million Eurobond on schedule, with the government saying the timely servicing reflects fiscal discipline, stronger reserves, improved ratings, and a more sustainable debt profile. The bond, meant to raise funds from global investors, was issued in 2015 with a 10-year tenor and matured on September 30 this year. Taking to the X platform, Adviser to the Finance Minister Khurram Schehzad announced the development, saying, “Timely debt servicing remains business as usual, reflecting the country’s commitment to financial discipline.” He said the development was encouraging as it comes at a time when external buffers and liquidity have improved, sovereign ratings have been raised, and investor confidence is rising, with Pakistan’s bonds recently trading at a premium. Schehzad further said that the debt-to-gross domestic product (GDP) ratio had improved from 77 per cent in FY20 to 70pc in FY25. “External debt’s share in total public debt has declined from 38pc to 32pc in FY25, reducing F...