Due to the Finance Ministry’s missed deadline, Panda Bonds have been postponed for the fourth time.

As the fourth change to the plan this fiscal year, the government has once again delayed the issuing of $250 million worth of Panda Bonds.

The bonds were supposed to go on sale in early February, according to sources. However, because the Finance Ministry’s preliminary work is still unfinished, the issuance could not go forward.

Although a definitive date has not yet been disclosed, Finance Ministry officials are still hopeful that the bonds would be issued next month.

Additionally, the government is getting ready to repay $1.2 billion in Eurobonds that are due in April 2026, and financial arrangements are being finalised to fulfil the commitment.
The groundwork for the Panda Bonds issuance is still pending, according to several sources. It is anticipated that up to 95% of the bond issue will be guaranteed by the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB).

This is the fourth revision to the original proposal to issue $250 million in Panda Bonds, which was developed during the previous fiscal year.

With this offering, Pakistan will make its first-ever entry into China’s interbank bond market with the goal of raising $250 million in Chinese yuan.

With a set interest rate that is anticipated to stay in the single-digit range, the Panda Bonds will mature in three years.