May 19th, 2026 - 03:45 GMT
This week, Pakistan successfully issued a 3-year RMB 1.75 billion panda bond in the Chinese interbank market for the first time. This milestone transaction not only broadened Pakistan's international financing channels but also marked its first entry into the Chinese capital market. Standard Chartered (China) Ltd. Co, as the only foreign bank serving as joint lead underwriter and joint book runner, supported the successful issuance of the bond. This issuance was partially supported by guarantee from multilateral development institutions—the Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB)—with ...