Pakistan to Tap China Debt Market with First Sale of Yuan-Priced ‘Panda Bonds’

Pakistan to tap China debt market with first sale of yuan-priced ‘panda bonds’

Islamabad turns to ‘panda bonds’ to secure cheaper credit and diversify its borrowing into yuan-denominated funding, with a focus on sustainable development.

Pakistan to Launch First Panda Bond Next Week

Pakistan plans to raise $250 million through its first yuan-denominated Panda bond as part of efforts to diversify funding sources and strengthen reserves. Read: Pakistan Plans Inaugural $250M Panda Bond Pakistan is set to enter China’s domestic capital market for the first time through a yuan-denominated “Panda bond” issuance expected next week, according to Finance Minister Muhammad Aurangzeb. Speaking during a press conference alongside Petro…