Pakistan issued on Thursday its first Panda Bond in China’s onshore capital market, Advisor to the Finance Minister Khurram Schehzad announced. “The inaugural Panda Bond is a 3-year fixed-rate instrument, making it Pakistan’s first-ever RMB-denominated sovereign issuance in China’s onshore capital market,” Schehzad wrote in a post on X. “The landmark Panda Bond issuance of […]
First Panda Bond
Pakistan confirms $500m eurobond repayment, to launch first panda bond in Chinese Market
Finance Minister Senator Muhammad Aurangzeb confirmed on Wednesday that Pakistan is fully prepared to make its first $500 million Eurobond repayment due in September 2025, reaffirming the government’s commitment to meeting all external debt obligations on time. Speaking at the post-budget press conference in Islamabad, the minister stated that a second Eurobond installment, due in […]