Pakistan plans $500m Panda bond sans ADB, AIIB guaranteesPublished on: October 28, 2026 9:57 AM
Pakistan, Oct. 28 -- Pakistan is weighing a second $500 million Panda bond sale in China during the second half of the current fiscal year from January to June 2027, as it struggles to secure full refinancing for $1.3 billion in Chinese commercial loans, The News reported on Tuesday. "The Ministry of Finance has started preparations for the second phase of the Panda bond to raise $500 million in the Chinese market without guarantees from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) within the current fiscal year. The government is exploring the possibility of involving Chinese credit enhancement companies in the transaction," top official sources in the Finance Division told The News on Monday. Paki...
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