Pakistan is lining up two financing plans to secure about $750 million (Rs. 213 billion) in the coming weeks, combining its first-ever Panda bond with fresh commercial borrowing from global banks.
Islamabad is considering $300–500 million in loans from a consortium including Deutsche Bank and Standard Chartered to help meet a $500 million Eurobond repayment due September 2025. At the same time, it plans to launch a $250 million Panda bond in November, according to a report in The News.
Finance Minister Muhammad Aurangzeb confirmed the bond launch, which will be backed by credit guarantees from the Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to secure a top domestic rating in China.
The three-year Renminbi-denominated bond will be privately placed on China’s Interbank Bond Market, with China International Capital Corporation and Habib Bank Limited serving as arrangers.
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The guarantees will cover up to 95% of the principal and interest, allowing Pakistan to diversify funding sources while managing looming Eurobond maturities of $500 million in September 2025 and $1 billion in April 2026.
