The Eurobond was issued at an interest rate of 6.95% and will mature in April 2029, reflecting strong demand from global investors despite ongoing geopolitical uncertainties. This issuance follows a $2 billion payment to the UAE as part of a broader plan to clear $3.5 billion in debt within April. Aurangzeb noted that maintaining foreign reserves is crucial for macroeconomic stability, with reserves currently at approximately 2.8 months of import cover.
BUSINESSPublished 13 Apr 2026 • Published 6 days ago • Updated 15h ago
Pakistan Halts $36 Billion Power Debt Refinancing Plan
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Pakistan successfully raised $500 million through a Eurobond issuance, marking its return to international capital markets after four years. Finance Minister Muhammad Aurangzeb highlighted this achievement during the IMF-World Bank Spring Meetings, emphasizing the renewed investor confidence in Pakistan's economic outlook. This development comes as Pakistan faces significant debt repayments, including a $3.5 billion loan to the UAE.
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