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