This paper reports extensive experimental study done to compare workability and bond strength of five different types of polymer-based bonding agents for reinforcing bars in pinning retrofit. In pinning retrofit, steel pins of 6 to 10 mm diameters are inserted into holes drilled diagonally from mortar joints. This technique is superior to other techniques especially in retrofitting historic masonry constructions because it does not change the appearance of constructions. With an ordinary cement paste as bonding agent, it is very difficult to insert reinforcing bars at larger open times due to poor workability and very thin clearance available. Here, open time represents the time interval between the injection of bonding agent and the insertion of reinforcing bars. Use of polymer-cement paste (PCP), as bonding agent, is proposed in this study, with investigation on workability and bond strengths of various PCPs in brick masonry, at open times up to 10 minutes, which is unavoidable in practice. Corresponding nonlinear finite element models are developed to simulate the experimental observations. From the experimental and analytical study, the Styrene-Butadiene Rubber polymer-cement paste (SBR-PCP) with prior pretreatments of drilled holes showed strong bond with minimum strength variation at larger open times.