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Pakistan's Finance Minister plans to issue $300M Panda Bonds in 2024 to tap China's bond market.
Pakistan's Finance Minister Muhammad Aurangzeb announced plans to issue Panda Bonds worth $300 million in 2024 to tap the Chinese market.
China is the world's second-largest bond market, providing an opportunity for Pakistan to diversify its funding sources and engage investors in a new market.
The Finance Minister expects the initial Panda bond sale to be around $250 to $300 million, with further issuances to follow.
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El Ministro de Finanzas de Pakistán planea emitir bonos Panda por valor de 300 millones de dólares en 2024 para aprovechar el mercado de bonos de China.