ISLAMABAD: Pakistan has won an international award for issuing its first sustainable sovereign Panda bond, Adviser to the Finance Ministry Khurram Shehzad said Wednesday.
Shehzad said in a statement that investor demand for the bond was five times higher than the amount offered, reflecting strong interest in Pakistan’s debut sustainable Panda bond.
Pakistan issued the three-year bond worth 1.75 billion Chinese yuan in May 2026, with a coupon rate of 2.5%.
Shehzad said the Panda bond gave Pakistan access to a broader pool of institutional investors and further strengthened financial ties between Pakistan and China.
He said proceeds from the bond would be used to finance projects in the water, energy and health sectors.
The issuance is also expected to create new opportunities for green and socially inclusive investment in Pakistan, he said.
The award recognizes Pakistan’s entry into China’s domestic capital market through a sustainable sovereign bond and its efforts to diversify sources of external financing.
