A Eurobond is a bond issued and traded outside the country whose currency it is denominated in, and outside the regulations of a single country. Eurobonds are usually issued by non-European entities for sale in Europe. They have standardized rules regarding trading, payments, listing, and taxation. Eurobonds provide advantages like considerable market capacity, diversifying borrowing sources, and access to broad investor bases for issuers. Pakistan has issued several Eurobonds since 2004 to raise capital from international markets.

1. EUROBOND
M. Rizwan Qamar

2. BOND
 A debt instrument
 Issued for a period of more than
one year
 For the purpose of raising capital
 The Federal government, states,
cities, corporations, and many other
types of institutions sell bonds.

3. EUROBOND
 A bond issued and traded outside
the country whose currency it is
denominated in, and outside the
regulations of a single country;
usually a bond issued by a non-
European for sale in Europe
 It is also called global bond

4. Eurobond Rules
 Trading
 Payment
 Listing
 Taxation

5. Eurobond Structure
 The structure of a Eurobonds consists in its terms and
conditions, which are printed on the actual bond.
 The Face
 The Reverse
 The coupons

6. Types of Eurobonds
 Straight Fixed
 VRNs
 Long term Bonds
 Medium term Bonds
 Convertibles

7. Advantages of Eurobonds
 Considerable market capacity
 Diversifying sources of borrowings
 Source for long-term investment
resources
 Access to a broad investor base
 Establishing a credit history

8. Eurobonds and Pakistan
 Issue $500 million Eurobond in
February 12, 2004
 Maturity date is February 2009
 Deutsche Bank and ABN Amro Bank
 Strong Demand results 4 times
oversubscription
 Interest Rate was 6.75%
 Included in EMBI

9. Eurobonds and Pakistan
 March 2006 Issue $500m 10 years
Eurobonds
 And $300 million 30 years bonds
 Managed by Citi Group and
Deutsche Bank
 Interest Rates are 7.125% and
7.875% respectively

10. THANK YOU