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Nikkei Asia
14-07-2025
- Business
- Nikkei Asia
Pakistan courts Chinese investors ahead of $250m panda bond debut
Bonds Move aims to cut borrowing costs and enter China's financial markets Issuances of panda bonds -- yuan-denominated bonds issued by foreign entities to raise money in China's domestic bond market -- hit $26.5 billion in 2024, marking an annual record, according to Deutsche Bank Research. © Reuters ADNAN AAMIR ISLAMABAD -- Pakistan is making all-out efforts to prepare its first-ever panda bond issuance this year, with its finance ministry holding a non-deal roadshow last week in Beijing to attract investment. "The ministry's delegation engaged in technical discussions with potential investors, underwriters, prospective guarantors, the Chinese Rating Agency, and Chinese legal counsel as part of the pre-marketing process for the debut issuance," Khurram Schehzad, adviser to the minister, posted on X.
Business Recorder
10-07-2025
- Business
- Business Recorder
Panda Bond: MoF makes pre-marketing initiatives
ISLAMABAD: Representatives of the Ministry of Finance, government of Pakistan, have initiated a series of pre-marketing investor meetings in Beijing, China, from July 7 till 11, 2025, as part of a non-deal investor road-show (NDR) in preparation for Pakistan's debut Panda Bond issuance, said Adviser to Finance Minister Khurram Shahzad. The adviser posted on X that the Ministry of Finance delegation has held technical discussions with potential investors, underwriters, prospective guarantors, Chinese Rating Agency, and Chinese legal counsel. Meetings are focused on Pakistan's macroeconomic review and outlook, ongoing debt management reforms, and the structure and progress of the proposed Panda Bond transaction. Discussions also covered regulatory processes, credit enhancement arrangements, and investor interest in the forthcoming issuance. The NDR drew strong initial interest, signalling investor confidence in Pakistan's reform trajectory and its growing credibility in international capital markets. Copyright Business Recorder, 2025
Arab News
09-07-2025
- Business
- Arab News
Pakistan kicks off investor roadshow in China for inaugural panda bond
KARACHI: Pakistan has launched a series of investor meetings in Beijing this week as it prepares to issue its first-ever panda bond, the finance ministry said on Wednesday, marking a significant step in the country's strategy to diversify its funding sources through China's onshore capital market. Representatives from the Pakistani ministry of finance are holding the non-deal investor roadshow (NDR) in China from July 7 to 11, 2025. The delegation has engaged in technical discussions with potential investors, underwriters, prospective guarantors, the Chinese Rating Agency, and Chinese legal counsel as part of the pre-marketing process for the debut issuance. The investor meetings focus on Pakistan's macroeconomic outlook, ongoing debt management reforms and the proposed bond's structure. The initiative reflects Pakistan's push to broaden its investor base and strengthen its credibility in international capital markets. A panda bond is a Renminbi-denominated bond issued by a foreign government, multilateral institution, or company in China's onshore bond market, allowing overseas issuers to raise funds from Chinese investors while diversifying their investor base and gaining access to China's deep capital pool. 'The visit reflects the Government's commitment to proactive investor engagement and diversification of funding sources through access to China's onshore capital market,' the finance ministry said in a statement. According to the ministry, the inaugural panda bond is expected to be launched later this year after the completion of documentation and regulatory approvals, including credit guarantees from multilateral development partners. Officials said the roadshow has drawn strong initial interest, signalling investor confidence in Pakistan's reform trajectory. The ministry described the move as a milestone that would help Pakistan tap China's deep and diversified onshore bond market while using local currency instruments backed by multilateral partners. 'The successful NDR so far reflects the Government's commitment to innovative and forward-looking financial diplomacy — and sends a clear message: Pakistan is ready to enter new capital frontiers with confidence and credibility,' the statement added.
