WAPDA to issue Green Euro Bonds today

MG News | May 31, 2021 at 09:59 AM GMT+05:00

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May 31, 2021: Pakistan's first Green Euro (Indus Bond) will be officially launched by the Water and Power Development Authority, today (Monday).

Prime Minister Imran Khan will be the chief guest at the launching ceremony.

WAPDA is issuing Green Eurobond to raise 500 million dollars for the financing of Diamar Bhasha and Mohmand Dam.

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 big projects in Pakistan.

Radio Pakistan

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