Islamabad: According to a news source, Prime Minister Imran Khan launched Pakistan’s first green Eurobond, the ‘Indus Bond,’ valued USD 500 million and with a market cap of 7.5 percent, introduced by the Water and Power Development Authority (WAPDA). Major financial institutions from all around the world were interested in the bonds.

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The prime minister spoke at length about the advantages of long-term planning for the benefit of the country’s economy. He also reaffirmed his commitment to building new dams to alleviate the country’s water and electricity shortages. He stated that we must use the youth’s potential as well as the country’s resources to produce riches and encourage industry.

The Water and Power Development Authority (WAPDA) had previously issued Indus green Eurobonds on the international market. The bonds were listed on the London Stock Exchange as Category S bonds. JP Morgan, which has returned to the country after more than a decade away, is in charge of the bonds.

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The success of Pakistan’s economic and fiscal policies, according to the WAPDA chairman, is due to the tremendous interest of multinational firms in bonds. The bonds are worth PKR 50 million but obtained a total offer of USD 3 billion, six times their initial value, and will be released for a 10-year term.

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