“The RMB-denominated sovereign bond, Pakistan’s first-ever Panda Bond, raised RMB 1.75 billion (around US$250 million) through a three-year fixed-rate instrument, attracting investor demand of more than RMB 8.8 billion (approximately US$1.26 billion), resulting in an oversubscription of over five times.” “In a statement issued from Beijing, Aurangzeb described the successful issuance as a ‘historic achievement’ in Pakistan’s economic and financial history, saying the exceptional response from global investors reflected increasing confidence in the country’s economic transformation, reform process and sovereign financial credibility.”
https://www.gwadarpro.pk/2055175604466888705/pakistans-debut-panda-bond-draws-strong-global-demand
See also: Pakistan issues first-ever Panda bond in China to raise $250 million “Geo News reported that Pakistan was closely watched by international investors when it launched Eurobond — an international debt instrument — last month to raise $750 million.” “Islamabad also raised an additional $3 billion in deposits from Saudi Arabia and returned $3.4 billion to the UAE.” “Pakistan also received $1.3 billion from the International Monetary Fund under two ongoing loan facilities.” “The issuance is supported by the Asian Development Bank and the Asian Infrastructure Investment Bank…”