Pakistan raises $250 million in debut Panda Bond sale
Pakistan raised $250 million in its first yuan-denominated Panda Bond sale. The three-year issuance was five times oversubscribed with a 2.5 percent coupon.
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Pakistan raised $250 million through its first-ever yuan-denominated Panda Bond sale in China on Thursday. The three-year issuance priced at a 2.5% coupon and attracted orders exceeding 8.8 billion yuan. This debut grants Pakistan access to the world's second-largest capital market.
