Pakistan kicks off process for dual-tranche dollar Eurobond

Business Recorder reported that Pakistan has started the process for a benchmark dollar Eurobond that will come in two tranches. The announcement came from Khurram Schehzad, Advisor to the Finance Minister, on Tuesday. The offer covers five-year and 10-year maturities, according to a post the minister made on X. The launch is the latest development in the country's effort to borrow from international markets.

Schehzad tied the transaction directly to a string of sovereign credit-rating upgrades, firmer macroeconomic fundamentals and greater investor confidence. He presented the move as a further sign that the country is regaining its footing in overseas debt markets. The published remarks did not include pricing or timing details for the offer.