PACRA Partners With Chinese Rating Group to Tap Panda Bond Market
As well as potential Panda Bond issuances by Pakistani borrowers, the Pakistan Credit Rating Agency Limited (PACRA has entered into a Memorandum of Understanding with Lianhe Ratings Global Limited, the international arm of one of China's largest credit rating groups,…
As well as potential Panda Bond issuances by Pakistani borrowers, the Pakistan Credit Rating Agency Limited (PACRA has entered into a Memorandum of Understanding with Lianhe Ratings Global Limited, the international arm of one of China's largest credit rating groups, to explore.
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- Govt Rushes For Fresh LNG Cargo As Load Shedding Continues.
- The partnership could support expand opportunities for Pakistani entities to access China's Panda Bond market.
- PACRA disclosed the agreement to the Pakistan Stock Exchange on September 1, saying that specific initiatives under the MOU will depend on the signing of definitive agreements.
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Under the agreement, the two rating agencies will explore cooperation in green and sustainability-linked financial instruments, research and knowledge sharing, and rating-related services for potential Panda Bond issuances by Pakistani sovereign and corporate issuers. Govt Rushes For Fresh LNG Cargo As Load Shedding Continues.
Notably, the partnership could support expand opportunities for Pakistani entities to access China's Panda Bond market. It allows foreign issuers to raise funds in China's domestic bond market. For PACRA, the proposed cooperation will support us build expertise and services in sustainable finance and green financing instruments.
PACRA disclosed the agreement to the Pakistan Stock Exchange on September 1, saying that specific initiatives under the MOU will depend on the signing of definitive agreements. The firm stated any material developments resulting from the cooperation will be disclosed as required under applicable regulations.
Lianhe Global is the international arm of a major Chinese credit rating group, giving the proposed cooperation a cross border dimension as Pakistani firms and the sovereign administration explore alternative sources of financing. Stay Connected with ProPakistani.
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In short, PACRA Partners With Chinese Rating Group to Tap Panda Bond Market is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
