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By Shabbir Hussain
ISLAMABAD, May Diplomatic Star (DS): Minister of State for Information and Broadcasting Farrukh Habib Monday said Prime Minister Imran Khan would formally launch the first-ever green Eurobond (today).
In a series tweets on his social media account, the minister said the Water and Power Development Authority (WAPDA) had floated its first green Eurobond (Indus bond) in the London Stock Exchange Market this week.
گرین یورو (انڈس بانڈ) واپڈا کی جانب سے لندن سٹاک ایکسچینج میں رواں ہفتے جاری کیا گیا.
گرین یورو (انڈس بانڈ) دیامر بھاشا اور مہمند ڈیم کی فنانسنگ کے لیے جاری کیا گیا ہے.
گرین یورو بانڈ ریاستی ضمانت(sovereign guarantee) کی بجائے واپڈا کی مستحکم مالی پوزیشن کی بنیاد پر جاری کیا گیا pic.twitter.com/riPLS3TL3x— Farrukh Habib (@FarrukhHabibISF) May 31, 2021
He said WAPDA had taken the initiative for financing of both the Diamer-Basha and Mohmand dams. The bond was issued on the basis of WAPDA’s stable financial position instead of sovereign guarantee, he added.
Farrukh said the bond was launched to raise $500 million, but it had attracted multiple bids amounting to around three billion dollars.
The bond has received an extraordinary response in the international financial market which has opened up new vistas for financing of mega projects in Pakistan.
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