Pakistan has increased its latest Eurobond issuance to $750 million after attracting stronger-than-expected interest from international investors. Originally set at $500 million under the government’s Global Medium-Term Note (GMTN) programme, the bond was expanded by an additional $250 million through a greenshoe option.
According to Finance Ministry adviser Khurram Schehzad, the move reflects renewed investor confidence as Pakistan re-enters global capital markets after a four-year gap. Despite global economic and geopolitical uncertainties, the bond received strong demand, encouraging authorities to scale up the offering.
Officials say the larger issuance will improve liquidity and strengthen Pakistan’s presence in international debt markets. It also helps establish a pricing benchmark for future borrowing and supports plans for upcoming fundraising initiatives under the GMTN programme.
Schehzad noted that the bond was issued on competitive terms, supported by improving economic indicators and stabilising financial conditions. He added that the successful launch marks an important step in diversifying external financing sources and reducing reliance on short-term borrowing.
The funds raised will help meet Pakistan’s external financing needs and boost foreign exchange reserves, while reinforcing investor trust after recent timely debt repayments.
