Pakistan to Borrow More From China’s Onshore Markets This Year

Pakistan is keen to raise more money from China’s onshore markets this year after the country successfully issued its debut yuan-denominated notes, according to Finance Minister Muhammad Aurangzeb.

The South Asian country’s maiden issuance was more than five times oversubscribed, pointing to robust investor appetite for the bonds. The country has successfully raised $258 million from the debt sale, marking its cheapest foreign-currency bond offering ever.