Parwaaz lists Rs1bn Green Bond on PSX

September 10, 2025 (MLN): The Pakistan Stock Exchange (PSX) has officially listed Parwaaz Financial Services Limited’s Green Action Bond, a Rs1 billion privately placed, rated, and secured Term Finance Certificate (TFC), effective September 12, 2025.

Trading will commence on September 15 via PSX platforms and settle on a T+1 basis through the National Clearing Settlement System.

Structured as a floating-rate green bond with a tenor of three years, the instrument offers quarterly profit payments at 3-month KIBOR plus 100 basis points.

The bond is exclusively available to Qualified Institutional Buyers (QIBs), with a minimum subscription of Rs50 million and a market lot size of Rs1m.

The proceeds will be channeled into renewable energy, sustainable agriculture, and clean transportation projects, aligning with the Green Bond Principles of the International Capital Market Association (ICMA) and SECP’s Green Bond Guidelines.

PACRA has assigned an entity rating of A+ and a bond rating of AA- to Parwaaz Financial Services.

Karandaaz Pakistan is providing credit enhancement by funding the Debt Service Reserve Account (DSRA), while Pak Oman Investment Company Limited serves as the Investment Agent.

Major institutional participants include Bank of Khyber, Allied Bank, and Pak Oman Investment Company, among others.

The listing marks a significant step in Pakistan’s sustainable finance landscape, reinforcing investor appetite for ESG-aligned instruments.

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