PM unveils first Green Eurobond of Pakistan


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ISLAMABAD: Prime Minister (PM) Imran Khan on Monday unveiled the first Green Eurobond of Pakistan introduced by the Water and Power Development Authority (WAPDA).

While addressing the ceremony, the PM felicitated WAPDA on the launch of Eurobonds and approved of the progress on Mohmand and Bhasha Dam.

WAPDA has introduced Green Eurobonds for the time period of ten years to raise Rs500mn at a 7.5pc interest rate.

According to the details, the Eurobonds have already attracted investment worth Rs3bn from foreign investors.

Speaking on the occasion, Chairman WAPDA was of the view that the interest of foreign investors is a good omen for the hydropower projects in the country. 

 

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