Pakistan is planning to issue the inaugural Panda Bond tranche in January, with the expectation of raising $250 million, the finance ministry said on Friday.
The ministry confirmed the development in a statement after Finance Minister Muhammad Aurangzeb chaired a meeting to review progress on the bond’s issuance.
During the meeting at the Finance Division, the minister emphasised that Pakistan’s entry into the Chinese onshore bond market was being pursued as “a structured and programmatic financing strategy”, aligned with prudent debt management objectives.
