Pakistan has successfully completed its inaugural Panda Bond issuance today in China’s onshore capital market - marking the country’s first-ever entry into the world’s second-largest and deepest capital market. “The inaugural Panda Bond is a 3-year fixed-rate instrument, making it Pakistan’s first-ever RMB-denominated sovereign issuance in China’s onshore capital market,” Advisor to the Finance Minister Khurram Schehzad announced. “The landmark Panda Bond issuance of RMB 1.75 billion (equivalent to US$250 million) attracted overwhelming investor demand of over RMB 8.8 billion (approximately US$1.26 billion) [...]