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.

March 22, 2024
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