Pakistan, May 15 -- The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have collaborated to support Pakistan's first issuance of a Panda bond to finance its Sustainable and Green Infrastructure Project. The CNY 1.75 billion (approximately $258 million equivalent), sustainable development bond, issued today, marks Pakistan's debut in the renminbi bond market.The bond marks a milestone in using guarantees to enable a developing member country to access the capital market in the People's Republic of China (PRC). As the first bond with less than 100% guarantee coverage to achieve a domestic AAA rating, it sets a significant precedent for using partial credit guarantees to mobilize private sector capital for eme...