The Eurobond issued today was oversubscribed four times, signaling deep investor confidence despite lingering geopolitical tension from Trump’s threat.

The dual-tranche offering, designed to raise external capital and diversify the nation’s funding sources, attracted over $9.1 billion, resulting in an oversubscription rate exceeding 400 percent. This demand allowed the Debt Management Office (DMO) to successfully price both the 10-year and 20-year tranches.

The 10-Year tranche saw seven times the demand, leading to an oversubscription of $4.9 billion (for an issued amount of $700 million), while the 20-year tranche saw its demand exceed $4.2 billion (for an issued amount of $1.5 billion).

The oversubscription is particularly notable as it came amidst a period of heightened market jitters stemming from US political developments, specifically the implied threat by President Donald Trump of military action in the country if its government doesn’t halt the killings of Christians by Islamist militants.