Pakistan plans to launch its first Panda bond in January, targeting $250 million. The issuance falls under a broader $1 billion Panda Bond Program. Finance Minister Muhammad Aurangzeb shared the update while chairing a review meeting.
During the meeting, officials briefed the minister on approvals, investor outreach, and regulatory progress. Moreover, the Debt Management Office confirmed steady advancement on documentation. Senior Finance Division officers also attended the session.
Read more: Pakistan eyes $250M with first Panda bonds
The meeting noted that approvals from multilateral partners are already secured. Engagement with Chinese institutional investors has remained constructive. Additionally, investor sentiment has stayed strong and encouraging.
Officials said market conditions remain supportive with orderly functioning and broad-based interest. Documentation and guarantees are fully in place. Final regulatory approvals from Chinese authorities are expected soon.
The finance minister said the Panda bond aligns with prudent debt management goals. He stressed its role in diversifying funding sources and supporting debt sustainability. Preparations for future issuances under Panda Series II are already underway.