Pakistan upsizes Eurobond to $750m on strong global demand

Pakistan has increased its Eurobond issuance to $750 million after strong demand from international investors.

Pakistan has increased its Eurobond issuance to $750 million after strong demand from international investors.

The government originally planned to raise $500 million through a 3-year Eurobond. However, interest from global institutional investors was higher than expected.

Due to this strong demand, Pakistan exercised the Green Shoe Option and expanded the issuance by an additional $250 million.

Officials said the response reflects growing confidence in Pakistan’s economic outlook and its return to international capital markets.

Adviser to the Finance Ministry Khurram Schehzad said the upsizing shows strong investor appetite for Pakistan’s sovereign debt. He added that it also reflects improved market confidence and better engagement with global investors.

The 3-year Eurobond attracted significant participation from international financial institutions. This allowed the government to increase allocation and widen investor participation.

Officials said the development strengthens Pakistan’s position in global financial markets after a gap of several years.

Earlier, Pakistan had returned to international capital markets after four years by issuing the initial $500 million Eurobond under its Global Medium-Term Note programme.

Finance officials said the latest upsizing builds on that return and signals improving financial credibility.

They also linked the development to recent debt management steps, including repayment of external obligations worth $1.43 billion.