Pakistan to Raise Another ¥5.5 Billion From China
Pakistan has Chinese Yuan (¥) 5.45 billion left to raise under its approved Panda Bond program after raising the inaugural … Read More The post Pakistan to Raise Another ¥5.5 Billion From China appeared first on ProPakistani .
Under the approved Panda Bond program, Pakistan has Chinese Yuan (¥) 5.45 billion remaining to raise after issuing the inaugural ¥1.75 billion from China's capital market, Finance Minister Muhammad Aurangzeb announced in a video. Addressing the 2026 Asia-Pacific Climate Bonds Awards, Aurangzeb stated that the National Association of Financial Market Institutional Investors (NAFMII) had approved a total ¥7.2 billion Panda Bond program for Pakistan.
The government has already allocated ¥1.75 billion under the program, leaving ¥5.45 billion available for forthcoming bond issuances. Aurangzeb confirmed that Pakistan would return to China's capital market to issue additional bonds as it progresses. He revealed that the initial three-year sustainable Panda Bond had a 2.5 percent coupon, with investor orders amounting to three times the size of the issue.
The finance minister emphasized that the bond marked Pakistan's first participation in China's capital market, providing access to a new pool of financing. Aurangzeb further explained that the proceeds from the sustainable bond would be utilized for green and socially inclusive investments, encompassing water, energy, and health projects.
He also affirmed that the bond was issued under Pakistan's sustainable financing framework, aligning with the State Bank of Pakistan's green taxonomy and the country's climate prosperity plan.
Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
