No Result
View All Result
Sunday, June 1, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Gen V Season 2

    Prime Video drops teaser trailer, confirms Gen V Season 2 premiere for September 17

    Arshad Warsi

    Arshad Warsi and wife face 5-year ban: Will he also disappear from films?

    Deepika Padukone

    In pictures: What are the shocking controversies in Deepika Padukone’s past?

    Hania Amir

    Yashma Gill proposes to Hania Aamir: Her hilarious reply goes viral

    Image: AP

    In Pictures: Thailand’s Opal Suchata Chuangsri crowned Miss World

    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Gen V Season 2

    Prime Video drops teaser trailer, confirms Gen V Season 2 premiere for September 17

    Arshad Warsi

    Arshad Warsi and wife face 5-year ban: Will he also disappear from films?

    Deepika Padukone

    In pictures: What are the shocking controversies in Deepika Padukone’s past?

    Hania Amir

    Yashma Gill proposes to Hania Aamir: Her hilarious reply goes viral

    Image: AP

    In Pictures: Thailand’s Opal Suchata Chuangsri crowned Miss World

    Gigi and Bella Hadid

    The Hadid sisters have a stepsister? Here’s what we know

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Pakistan raises $2.5 billion via Eurobonds

MM News Staff by MM News Staff
April 3, 2021

ISLAMABAD: Federal Minister for Finance and Revenue Hammad Azhar said that Pakistan successfully concluded its first-ever three-tranche capital market transaction.

In a tweet, the minister said that with five, ten and thirty years Eurobonds at 6 percent 7.375 percent and 8.875percent, leading global investors showed great confidence in our country’s economy and future outlook.

“Pakistan has very successfully concluded its first ever 3-tranche capital market transaction yesterday. With 5, 10 and 30 year Eurobonds at 6%, 7.375% and 8.875%, leading global investors showed great confidence in our country’s economy and future outlook,” the federal minister tweeted.

Pakistan has borrowed $2.5 billion through Eurobonds by offering very lucrative interest rates to lenders aimed at building foreign exchange reserves that remain fragile due to mounting external debt payments in absence of non-debt creating inflows.

The government agreed to pay interest rates in the range of 6% for five-year maturity bonds. For 10-year maturity bonds, the country will pay 7.375% interest and 8.875% for 30-year bonds.

It is the first capital market transaction carried out by Pakistan in the last almost three-and-a-half years. The interest rates were relatively higher than initial expectations, indicating that investors charged a higher risk premium.

Compared with short-term expensive commercial borrowing, the long-term bonds are considered the preferred choice of instruments due to their longer maturity and no conditions attached.

The government has agreed to pay interest rates which were 5.2% to 6.5% higher than the prevailing US Treasury rates despite an overall low global interest rate environment.

The government received $5.3 billion worth of bids, which were nearly 165% higher than the requirement indicated to the investors. It has raised $1 billion through five-year bonds at 6% interest rate, which was 5.23% higher than the US benchmark rate.

Another $1 billion was raised for 10 years at 7.35%, which was 5.6% higher than the 10-year US Treasury rate. Similarly, $500 million was borrowed for 30 years at 8.875% interest rate – 6.5% higher than the corresponding US rates.

The government has paid a price that is also higher than the current yield on Pakistan bonds maturing in 2027 and trading in the secondary market at around 5.9%.

Pakistan has entered into global capital markets after over three years. This is the first global market transaction being carried out by the Pakistan Tehreek-e-Insaf (PTI) government.

 

 

Tags: capital marketEurobondsHammad Azharpakistan
ShareTweetSendShare
Previous Post

PM seeks ‘climate finance’ for Pakistan, vulnerable states

Next Post

Showbiz industry is hypocritical and has double standards: Yasir Hussain

Related Stories

Business & Stock

Tax cuts for salaried class likely after IMF approval

June 1, 2025
file image
Business & Stock

FBR proposes increase in withholding tax for vehicles

June 1, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- Sunday, June 1, 2025

June 1, 2025
representative image
Business & Stock

Gold prices in Pakistan today- Sunday, June 1, 2025

June 1, 2025
Shehbaz Sharif
Business & Stock

Balochistan to receive Rs250 Billion in development budget: Shehbaz Sharif

June 1, 2025
File photo
Business & Stock

AirAsia: Malaysia’s budget airline begins flight operations to Karachi

May 31, 2025
File photo
Business & Stock

FBR faces Rs206 Billion tax shortfall in May 2025

May 31, 2025
representative image
Business & Stock

Gold prices further drop in Pakistan

May 31, 2025
file photo
Business & Stock

FBR proposes 100% increase in withholding tax on cash withdrawals from banks

May 31, 2025
Foreign Currency
Business & Stock

Foreign currency exchange rates in Pakistan, 31 May 2025

May 31, 2025
Next Post

Showbiz industry is hypocritical and has double standards: Yasir Hussain

Trending Stories

Technology

Fed up with long emails? Gmail app now automatically summarize them

by MM News Staff
June 1, 2025
JUI-F chief Maulana Fazlur Rehman. PHOTO: INP/File
Top News

Maulana Fazl rejects child marriage law, announces nationwide protests

by MM News Staff
June 1, 2025
Switch 2 (Image: Nintendo)
Technology

Switch 2: Nintendo set to launch new gaming console

by MM News Staff
June 1, 2025
(File Photo)
World

Bangladesh removes Sheikh Mujibur Rahman’s image off currency notes

by MM News Staff
June 1, 2025
Top News

3.6 magnitude earthquake jolts Karachi

by MM News Staff
June 1, 2025

Opinion

munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Crimea at the Crossroads: Development, Identity, and Geopolitics
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Weather

Karachi sizzles at 39 degree Celsius

by MM News Staff
June 1, 2025

Temperatures in Karachi reached 39 degrees Celsius on Sunday as the southern port city...

Glaciers in Pakistan

Pakistan develops policy framework to protect glaciers, combat climate change

June 1, 2025
file photo

Weather updates for Islamabad, other parts of Pakistan

June 1, 2025
Heatwave

Karachi braces for more heat as temperature remains high

May 31, 2025
See all

Prices

representative image
Business & Stock

Gold prices in Pakistan today- Sunday, June 1, 2025

by MM News Staff
June 1, 2025

The following are the current gold prices in Pakistan on Sunday, June 1, 2025....

File photo

Petrol price hiked by Re1 per litre in Pakistan

May 31, 2025
LGP prices have been slashed ahead of Ramadan. File photo

LPG prices announced for June 2025

May 31, 2025
representative image

Gold prices further drop in Pakistan

May 31, 2025
See all

Transport News

Paul Marais-Hayer/AirTeamImages
Transport

15% discount announced on PIA’s Lahore–Paris flights

by MM News Staff
June 1, 2025

Pakistan International Airlines (PIA) has introduced a 15% discount on flights operating between Lahore...

file photo

Govt doubles public transport fares in Islamabad

June 1, 2025
representative image

Everything you need to know about Lahore’s Yellow Line E-Train Project

June 1, 2025
Pakistan Express

Train derailment: Pakistan Express heading to Rawalpindi suffers major accident

June 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.