The newly appointed Federal Minister for Finance, Hammad Azhar said on Wednesday that Pakistan has successfully concluded its first-ever three-tranche capital market transaction.
The minister said the government launched 5, 10 and 30 year Eurobonds at rate of 6 per cent, 7.375 per cent and 8.875 per cent, respectively.
“Pakistan has very successfully concluded its first-ever 3-tranche capital market transaction yesterday. With 5, 10 and 30 year Eurobonds at 6%, 7.375% and 8.875%, leading global investors showed great confidence in our country’s economy and future outlook,” the federal minister tweeted.
This development comes at a time when Hammad Azhar has just assumed the charge as finance minister.