Pakistan to issue $1 billion worth of China’s Panda bond in 2020

Pakistan plans its first Chinese yuan-denominated bond, also known as Panda bond in the first quarter of next year, worth about $1 billion, reflecting growing demand for the country’s debt as its economic outlook improved. This will be the first time that the government will be assessing the Chinese capital market, which is the third largest bond market in the world.

Source: The News