ISLAMABAD: Pakistan on Tuesday launched the process for a US dollar-denominated benchmark dual-tranche Eurobond offering with five-year and 10-year tenors, as the government seeks to deepen its return to international capital markets following recent sovereign rating upgrades. Adviser to the Finance Minister Khurram Schehzad said in a post on X that the proposed transaction was subject to market conditions and represented another step in Pakistan’s renewed access to international capital markets. The size of the proposed issuance, pricing and final yields are yet to be announced and will depend on investor demand and prevailing market conditions. Mr Schehzad said the transaction followed improvements in Pakistan’s sovereign credit ratings and macroeconomic indicators and reflected the country’s growing engagement with international investors. The latest move comes less than five months after Pakistan returned to the international bond market following a four-year absence. Minister’s aide calls it another step in country’s renewed access to global capital markets In April, the government initially raised $500 million through a three-year Eurobond under its Global Medium-Term Note (G
