General

Pakistan enters int’l capital market after 3-year gap

Pakistan has entered the international capital market after a gap of over three years by successfully raising 2.5 billion dollars through a multi-tranche transaction of five, ten and thirty years Eurobonds.

According to the Finance Division, the Eurobonds generated great interest as leading global investors from Asia, Middle East, Europe and the US participated in the global investor calls and the order book.

The State Bank of Pakistan has also confirmed of receiving the proceeds of Euro Bond issuance in its account.

The SBP on its official twitter account said that as a result of the inflow, the Central Bank's foreign exchange reserves closed above 16 billion dollars that is the highest level since July 2017.

Source: Radio Pakistan