WAPDA to launch first Green Eurobond of Pakistan today
ISLAMABAD: Pakistan’s first Green Euro (Indus Bond) will be formally launched by the Water and Power Development Authority (WAPDA) on Monday (today).
Prime Minister Imran Khan will be the chief guest at the launching ceremony.
WAPDA is issuing Green Eurobond to raise 500 million dollars for financing of Diamar Bhasha and Mohmand Dams.
The Green Euro is being issued on the basis of WAPDA’s stable financial position instead of state-guarantee.
The world’s largest financial institutions have shown extraordinary interest in Green Eurobond which is a sign of confidence in the stable financial position of Pakistan and WAPDA as well.
The extraordinary response to Green Euro in the world financial market has opened new avenues for financing of big projects in Pakistan.