Pakistan Increases Eurobond Issuance to $750 Million Citing Strong Investor Demand
Islamabad: April 20, 2026
The Government of Pakistan on Monday announced it has upsized its Eurobond issuance from $500 million to $750 million by exercising the green-shoe option, citing stronger-than-expected demand from global investors.
A green-shoe option allows the issuer to sell additional bonds at the same price if demand exceeds the initial offering.
“Following its successful return to international capital markets after four years, Pakistan has upsized its Eurobond issuance to $750 million, with an additional $250 million placed with global institutional investors,” the Ministry of Finance said in an official statement.
Adviser to the Finance Minister Khurram Schehzad described the development as a reflection of “stronger-than-expected investor demand” and growing confidence in Pakistan’s economic outlook.
The three-year Eurobond, carrying a coupon rate of 6.975%, will mature in April 2029. The initial $500 million tranche was announced last week, marking Pakistan’s first international bond issuance in four years.
Finance Minister Muhammad Aurangzeb had earlier called the successful issuance “a huge vote of confidence” in Pakistan’s leadership and economic direction.
The upsizing comes as the country faces increased foreign exchange requirements due to a higher oil import bill amid ongoing tensions in the Middle East. It also follows positive developments including Saudi Arabia’s decision to increase its support facility to $8 billion and recent debt repayments to the UAE.
This successful re-entry into global capital markets is expected to build momentum for future issuances under Pakistan’s Global Medium-Term Note (GMTN) programme.
