Pakistan Plans Debut Panda Bond Sale of Up to 1.75 Billion Yuan

Pakistan is looking to raise yuan-denominated bonds in China’s onshore market, in what would mark its debut panda bond issuance, with a size of as much as 1.75 billion yuan ($257 million).

The three-year sustainable development bonds could be priced as soon as next week, according to people familiar with the matter, who asked not to be identified discussing private matters. The Asian Infrastructure Investment Bank and Asian Development Bank would together guarantee 95% of the bond, the people said. Details are still under discussion and could change.