Islamabad: Pakistan has successfully issued its first government panda bond in China’s financial market, which officials are calling a strategic development for the country’s economy.
The bond has a three-year term and is issued in the renminbi currency, which is Pakistan’s first formal participation in China’s capital market.
The initial target was 1.75 billion renminbi, but investor demand exceeded 8.8 billion renminbi, indicating a much higher level of interest.
According to experts, this extraordinary demand reflects Pakistan’s growing confidence in its economic indicators, external stability and fiscal policy.
The bond has a fixed interest rate of 2.5%, which is considered relatively stable and attractive in the current global financial environment.
The move marks a new era of financial cooperation between Pakistan and China and further strengthens the country’s access to global capital markets.
