{"id":1187,"date":"2026-05-14T16:50:06","date_gmt":"2026-05-14T16:50:06","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=1187"},"modified":"2026-05-14T16:50:06","modified_gmt":"2026-05-14T16:50:06","slug":"pakistan-raises-250m-equivalent-in-inaugural-panda-bond-issuance","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=1187","title":{"rendered":"Pakistan raises $250m equivalent in inaugural Panda bond issuance"},"content":{"rendered":"

ISLAMABAD: Pakistan raised $250 million equivalent through its inaugural Panda bond issuance in the Chinese capital market at an interest rate of 2.5 per cent, with a three-year maturity, according to Advisor to the Finance Minister Khurram Schehzad.<\/p>\n

In a social media post on X on Thursday, Schehzad said: \u201cPakistan has successfully completed its inaugural Panda bond issuance in China\u2019s onshore capital market today, marking the country\u2019s first-ever entry into the world\u2019s second-largest and deepest capital market.\u201d<\/p>\n

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The inaugural Panda bond is a three-year fixed-rate instrument, making it Pakistan\u2019s first-ever renminbi (RMB)-denominated sovereign issuance in China\u2019s onshore capital market, he announced.<\/p>\n

\u201cThe landmark Panda bond issuance of RMB 1.75 billion (equivalent to $250 million) attracted overwhelming investor demand of over RMB 8.8bn (approximately $1.26bn), resulting in oversubscription of more than five times,\u201d Schehzad wrote.<\/p>\n

Importantly, he said that the demand for the inaugural tranche alone exceeded Pakistan\u2019s entire planned Panda bond programme size of RMB 7.2 billion ($1bn equivalent) \u2014 a powerful reflection of growing international investor confidence in Pakistan\u2019s economic outlook and reform trajectory.<\/p>\n

\u201cThe strong order book enabled highly competitive pricing (2.5pc coupon), demonstrating the market\u2019s positive assessment of Pakistan\u2019s improving macroeconomic fundamentals, external stability, disciplined fiscal management and sovereign repayment capacity,\u201d he said.<\/p>\n

He said that the issuance represented Pakistan\u2019s strategic entry into China\u2019s capital market and diversification of the country\u2019s investor base.<\/p>\n

Moreover, he added that it also reflected the strengthening of Pakistan-China financial cooperation and Pakistan\u2019s structured return to international capital markets from a position of improving stability and credibility.<\/p>\n

\u201cThe success of the Panda bond sends a powerful signal to global investors that Pakistan\u2019s economic recovery is gaining international recognition,\u201d he said.<\/p>\n

\u201cIt reflects confidence in the country\u2019s reform agenda, improving fiscal and external indicators, successful debt management, and commitment to sustainable growth,\u201d he stated.<\/p>\n

He reasserted that Pakistan was steadily transitioning from stabilisation to strategy, from crisis management to market confidence, and from short-term financing pressures to long-term capital market access.<\/p>\n

\u201cThis milestone marks the beginning of a new chapter in Pakistan\u2019s economic and financial engagement with the world,\u201d Schehzad said.<\/p>\n

On Wednesday evening, Finance Minister Muhammad Aurangzeb left for China to participate in the issuance ceremony of Pakistan\u2019s inaugural Panda bond in Beijing.<\/p>\n

According to a finance ministry statement<\/u><\/a>, the overall Panda bond programme had been set at $1bn, while the inaugural issuance will amount to the equivalent of $250m.<\/p>\n

The issuance is supported by the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), it added.<\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: Pakistan raised $250 million equivalent through its inaugural Panda bond issuance in the Chinese capital market at an interest rate of 2.5 per cent, with a three-year maturity, according to Advisor to the Finance Minister Khurram Schehzad. In a social media post on X on Thursday, Schehzad said: \u201cPakistan has successfully completed its inaugural […]<\/p>\n","protected":false},"author":0,"featured_media":1188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1187"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/1187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/1188"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}