Pakistan gets 5 bids from Chinese firms to help with Panda bonds: report

Pakistan has received five bids from Chinese firms to help it raise funds via Panda bonds on Thursday, a Bloomberg report confirmed.

Panda bonds are a type of debt security issued by foreign entities in the Chinese capital markets, and they are denominated in Chinese yuan (RMB). These bonds allow foreign issuers, including multinational corporations, international financial institutions, and sovereign governments, to access capital from Chinese investors.

“The government had gotten...