BEIJING: Global investors have shown “exceptional” interest in Pakistan’s first Panda Bond issuance, Finance Minister Muhammad Aurangzeb said on Thursday, describing the development as a historic milestone that reflects growing international confidence in Pakistan’s economic reforms, financial credibility and return to global capital markets.
In a statement from Beijing, the Finance Minister said that the issuance of the Panda Bond has received strong interest from global investors, reflecting growing international confidence in Pakistan’s economic transformation, reform agenda, and sovereign financial credibility.
The Finance Minister noted that the successful issuance of the Panda Bond marks a clear sign of Pakistan’s return to international financial markets.
پانڈا بانڈ کا کامیاب اجرا تاریخی کامیابی ہے، وفاقی وزیر خزانہ سینیٹر محمد اورنگزیب
وفاقی وزیرِ خزانہ سینیٹر محمد اورنگزیب نے پاکستان کے پہلے پانڈا بانڈ کے کامیاب اجرا کو ملک کی اقتصادی و مالیاتی تاریخ کی ایک تاریخی کامیابی قرار دیا ہے۔ بیجنگ سے اپنے ایک بیان میں انہوں نے کہا کہ…
— Ministry of Finance, Government of Pakistan (@Financegovpk) May 14, 2026
He described it as the beginning of a new chapter in global economic and financial relations, adding that ongoing economic reforms and policy measures have helped restore investor confidence.
The positive response from global investors, he said, reflects recognition of Pakistan’s economic progress.
Aurangzeb further stated that the Panda Bond represents a significant milestone in Pakistan’s economic journey.
It not only strengthens the country’s position in global financial markets but also opens new avenues for international investment and financial cooperation in the future, the Finance Minister said.
He added that the pace of reforms in Pakistan has attracted global investor attention, and the successful issuance serves as clear evidence of growing confidence in the government’s economic policies.
According to Khurram Schehzad, advisor to the Finance Minister, this bond is a three-year fixed-rate instrument and marks Pakistan’s first-ever yuan-denominated sovereign issuance in China’s onshore capital market.
The bond raised 1.75 billion RMB, which is equal to about 250 million US dollars.
However, investor demand was very high, reaching over 8.8 billion RMB (approximately 1.26 billion US dollars). As a result, the bond was oversubscribed by more than five times.
According to a statement from the Ministry of Finance, the overall Panda Bond programme has been set at US$1 billion, with the initial issuance amounting to US$250 million.
The statement further noted that the issuance is being supported by the Asian Development Bank (Asian Development Bank) and the Asian Infrastructure Investment Bank (Asian Infrastructure Investment Bank).
