Mar 25, 2024 02:06 PM

FINANCE

Pakistan to Tap China for $300 Million in Panda Bond Debut

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Aurangzeb said the initial Panda bond sale would be about $250 million to $300 million, which would be followed by further issuances. Photo: Bloomberg

Aurangzeb said the initial Panda bond sale would be about $250 million to $300 million, which would be followed by further issuances. Photo: Bloomberg

(Bloomberg) — Pakistan’s new finance minister said he’s keen to tap Chinese investors by selling as much as $300 million in Panda bonds for the first time ever this year.

Selling yuan-denominated debt will allow Pakistan to diversify its funding sources and reach investors in a new market, Muhammad Aurangzeb, said in an interview Friday at his office in Islamabad.

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