In which new capital market did Pakistan issue bonds for the first time in May 2026?
A
European Green bond market
B
Japanese Samurai bond market
C
Chinese Panda bond market
D
Gulf Sukuk market
Correct Answer: Option C — Chinese Panda bond market
Explanation:
Pakistan made its inaugural issuance of Panda bonds (yuan-denominated bonds sold in China) in May 2026, following a successful Eurobond issuance in April, as part of efforts to diversify external financing sources.