rki.news
ISLAMABAD, Sept. 3: Pakistan has raised $3 billion through a dual-tranche Eurobond sale, marking the country’s largest-ever international capital-market transaction, according to the Ministry of Finance.
The bond issue attracted orders worth nearly $6 billion, almost twice the amount offered, reflecting strong interest from institutional investors across international markets.
The successful transaction comes as Pakistan seeks to strengthen its external financing position and maintain access to international capital markets.
The Ministry of Finance said the issue received participation from a broad and diversified group of institutional investors across different regions and financial markets.
The $3 billion raised through the transaction is expected to support Pakistan’s external financing requirements and strengthen its foreign-exchange position.
The development comes amid continuing efforts by the government to improve economic stability, increase foreign-exchange reserves and meet its international financial obligations.
Pakistan has faced significant external financing pressures in recent years, prompting the government to pursue support from multilateral institutions and international capital markets.
The latest Eurobond transaction provides Islamabad with additional financial resources at a time when global markets remain sensitive to geopolitical tensions, oil prices and changing interest-rate expectations.
The strong order book, nearly twice the amount issued, indicates substantial investor demand for Pakistani sovereign debt despite continuing challenges in the global and domestic economic environment.
The government has also been seeking greater international investment and financing for major infrastructure and development projects.
Separately, Pakistan is pursuing increased financing from the Asian Development Bank, including support for public-private partnership projects and the proposed $10 billion Karachi-Peshawar Main Railway Line.
The latest bond sale is being viewed as an important step in Pakistan’s efforts to broaden its financing sources and strengthen its presence in international capital markets.
