哈比银行助力巴基斯坦首笔可持续发展熊猫债成功发行

2026-05-18　 　

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2026年5月14日，巴基斯坦首笔可持续发展熊猫债在京成功发行。恰逢中巴建交75周年之际，这标志着两国金融合作取得了标志性成果，更是巴基斯坦在全球资本市场实现的历史性突破。

本次债券发行规模为17.5亿元人民币，获5倍以上超额认购，投资者认购需求高达88亿元人民币，彰显了全球市场对巴基斯坦经济前景与本次交易的强劲信心。

作为唯一在华设立营业机构的巴基斯坦银行，哈比银行与中金公司共同担任财务顾问。历经八年筹备，双方携手其他机构共同推动该项目成功落地。本次债券由亚开行、亚投行联合提供 95% 本息担保，获中国多家主流机构踊跃认购，有效拓宽中巴投融资渠道，推动人民币跨境使用。

此次发行不仅为巴基斯坦战略性进入中国资本市场打开新通道，更实现了投资者基础的多元化，为发展中经济体借助信用增信机制进入在岸债市树立典范，深度服务中巴经济走廊建设与可持续发展。

未来，哈比银行将持续发挥桥梁作用，深耕中巴金融互联互通，助力两国经贸合作行稳致远。

A New Milestone in China-Pakistan Financial Cooperation | HBL Facilitates Pakistan’s Inaugural Sustainable Development Panda Bond Issuance

On May 14, 2026, Pakistan’s Inaugural sustainable development Panda Bond was successfully issued in Beijing. Coinciding with the 75th anniversary of the establishment of China-Pakistan diplomatic relations, it marks an iconic achievement in bilateral financial cooperation and a historic breakthrough for Pakistan in global capital markets.

The bond has an issue size of RMB 1.75 billion and was oversubscribed more than five times, with total investor demand reaching RMB 8.8 billion — a clear reflection of strong global confidence in Pakistan’s economic outlook.

As the only Pakistani bank with an operating entity in China, HBL acted as a joint financial advisor together with CICC. Following eight years of preparation, both institutions, in collaboration with other participating parties, successfully brought the project to fruition. Backed by a 95% principal and interest guarantee jointly provided by ADB and AIIB, the bond was enthusiastically subscribed by major Chinese institutions. It effectively broadens investment and financing channels between China and Pakistan and boosts the cross-border use of RMB.

This issuance not only opens a new gateway for Pakistan to achieve strategic entry into China’s capital market and build a diversified investor base, but also sets a sound example for developing economies to enter the onshore bond market via credit enhancement mechanisms, further supporting the construction of the China-Pakistan Economic Corridor and sustainable development initiatives. 

Going forward, HBL will continue to act as an important bridge, deepen financial connectivity between the two countries, and promote steady and sound growth of bilateral economic and trade ties.