Pakistan increases size of Eurobond to $750 million

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Pakistan has raised its Eurobond issuance to $750 million after strong global investor demand, as the Ministry of Finance Pakistan seeks to ease rising external financing pressures.

The move comes amid a surge in the oil import bill linked to ongoing tensions in the Middle East.

A green-shoe option allows the issuer to raise additional funds at the same interest rate when investor demand exceeds expectations.

According to the Ministry of Finance Pakistan, the country’s return to international capital markets after a four-year gap has been met with strong investor interest.

In a statement, the ministry said an additional $250 million was secured from global institutional investors through this option.

Khurram Schehzad, adviser to the finance minister, noted that the development reflects stronger-than-expected demand, signaling renewed investor confidence in Pakistan’s economic outlook.

He added that the three-year Eurobond attracted broad participation, improving liquidity and reinforcing the country’s re-engagement with global financial markets.

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