ISLAMABAD: 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 through the exercise of the greenshoe option.
Strong demand drives upsizing
According to Advisor to the Finance Minister, Pakistan, Khurram Schehzad, the upsizing reflects stronger-than-expected investor demand, reinforcing confidence in Pakistan’s economic outlook and market re-entry.
The 3-year Eurobond, initially placed at $500 million, attracted significant global interest, enabling the government to broaden investor participation.
𝗨𝗣𝗗𝗔𝗧𝗘: 🇵🇰 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗨𝗽𝘀𝗶𝘇𝗲𝘀 𝗘𝘂𝗿𝗼𝗯𝗼𝗻𝗱 𝘁𝗼 $𝟳𝟱𝟬𝗺𝗻 – 𝗚𝗿𝗲𝗲𝗻 𝗦𝗵𝗼𝗲 𝗢𝗽𝘁𝗶𝗼𝗻 𝗘𝘅𝗲𝗿𝗰𝗶𝘀𝗲𝗱
Following its successful return to international capital markets after four years, Pakistan has upsized its Eurobond issuance to $750 million,… pic.twitter.com/gRt0z49AmB
— Khurram Schehzad (@kschehzad) April 20, 2026
Key signals from the issuance
- Strong investor demand and sustained appetite
- Successful execution of the greenshoe option
- Enhanced depth and liquidity in Pakistan’s sovereign yield curve
- Reinforces Pakistan’s re-engagement with global capital markets
Momentum for future issuances
Driven by incremental investor demand, the upsizing enhances Pakistan’s presence in global capital markets, reinforcing confidence in the country’s economic outlook and market re-entry, while building momentum for future issuances under the Global Medium-Term Note Programme (GMTN) Programme.
