Pakistan's Inaugural Panda Bond Oversubscribed Five Times
Pakistan successfully issued its first-ever Panda Bonds in China, raising the equivalent of $250 million. The RMB1.75 billion issuance, with a 2.5% coupon, was oversubscribed five times, attracting $1.26 billion in demand.
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Pakistan raises $250m equivalent in inaugural Panda bond issuance
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: “Pakistan has successfully completed its inaugural Panda bond issuance in China’s onshore capital market today, marking the country’s first-ever entry into the world’s second-largest and dee...
By none@none.com (Khaleeq Kiani)
Read full article →Pakistan's maiden Panda bond oversubscribed five times
RMB1.75b issuance at 2.5% coupon attracts $1.26b demand
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