In stages, Pakistan will offer $1 billion in bonds on the Chinese capital market. First, concept permission for the $250 million Panda bond offering has been granted.
Pakistan sought to raise a comparable $250 million from China’s interbank bond market, according to government records. Through several stages of the Panda bond campaign, the nation aimed to raise a total of $1 billion. Credit improvement assurances are necessary because of Pakistan’s present credit rating.
Both the Asian Infrastructure Investment Bank and the Asian Development Bank have received requests for guarantees. The AIIB will pay $125 million, and the ADB will guarantee $160 million.
