Pakistan Seeks to Sell $1 Billion ESG Bond Next Month
- Issuance of ESG bonds from emerging markets has surged
- Pakistan turns to environmental debt as funding needs rise
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Pakistan is seeking to become the next emerging market to turn to the environmental bond market for funding as it prepares to sell its first such note next month.
The country plans to raise $1 billion from environmental, social and governance Eurobonds, Finance Minister Shaukat Tarin said in an interview in Islamabad. “We will go for environmental development and support” in tapping the international markets to raise dollars, he said.