The Ministry of Finance has launched a non-deal investor roadshow (NDR) in Beijing, China, from July 7 to 11, 2025, to prepare for Pakistan’s inaugural Panda Bond issuance. The roadshow includes pre-marketing sessions and high-level discussions with investors and key stakeholders in China’s financial sector.
During the visit, the finance delegation held detailed technical meetings with potential investors, underwriters, legal advisors, prospective guarantors, and representatives from a leading Chinese rating agency. These discussions focused on Pakistan’s macroeconomic outlook, ongoing debt management reforms, and the planned structure of the upcoming Panda Bond transaction.
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Additional topics included regulatory procedures, potential credit enhancement options, and the evolving interest of Chinese investors. According to officials, the NDR has received strong initial engagement, reflecting growing investor confidence in Pakistan’s reform agenda and its increased standing in global capital markets.
This outreach underscores the government’s strategy to diversify funding sources and engage directly with new investor bases. By entering China’s onshore bond market, Pakistan aims to broaden its access to capital through local currency instruments supported by multilateral partners.
The debut Panda Bond is expected to be issued later this year, following completion of necessary documentation and regulatory approvals, including credit guarantees from international development institutions. This marks a key milestone in Pakistan’s financial diplomacy, signaling its readiness to explore innovative funding avenues.
The Finance Ministry emphasized that this proactive approach aligns with the country’s goal to boost financial credibility and explore new capital frontiers with strategic planning. The success of the NDR highlights strong international interest in Pakistan’s reform path and its efforts to integrate more deeply into global financial networks.
