A eurobond is an international sovereign bond issued by the Government of Pakistan. As of April 2024, the total outstanding sovereign eurobonds of Pakistan stood at $5.8 billion.
History Pakistan issued its first eurobond in 1994.
In February 2004, a consortium led by ABN AMRO, Deutsche Bank, and JPMorgan arranged a $500 million five-year fixed-rate bond for the government, issued at par with a 6.75 percent coupon.
In March 2006, the Government of Pakistan selected Citigroup, Deutsche Bank, and JPMorgan to manage a new international bond issuance valued at $500 million.
In May 2021, Water and Power Development Authority, an organization administered by the Government of Pakistan, issued $500 million eurobond at a coupon rate of 7.5 percent to fund the construction of Diamer-Bhasha Dam and Mohmand Dam.
List + Bond Issuance Details Issued amount Coupon Tenor Date Status Reference(s) 150 million 11.5 percent 5 years 1994 Tenor completed 500 million 6.75 percent 5 years 2004 Tenor completed 300 million 7.875 percent 30 years 30 March 2006 Due in March 2036 500 million 7.125 percent 10 years 30 March 2006 Tenor completed 750 million 6.875 percent 10 years May 2007 Tenor completed 1 billion 8.25 percent 10 years 8 April 2014 Tenor completed 500 million 8.25 percent 10 years 24 September 2015 Tenor completed 1.5 billion 6.875 percent 10 years 5 December 2017 Due in December 2027 1 billion 5.875 percent 5 years 8 April 2021 Tenor completed 1 billion 7.375 percent 10 years 8 April 2021 Due in April 2031 500 million 8.875 percent 30 years 8 April 2021 Due in April 2051 300 million 5.875 percent 5 years 7 July 2021 Due in July 2026 400 million 7.375 percent 10 years 7 July 2021 Due in July 2031 300 million 8.875 percent 30 years 7 July 2021 Due in July 2051
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