Wapda readies debut dollar bond

Vattenfall Porjus hydroelectric green dam renewable from co media gallery 575
By Morgan Davis
17 Feb 2021

Pakistan’s Water and Power Development Authority (Wapda) is planning to sell its debut dollar bond in late March, in what would be a rare international corporate outing from the country.

Wapda plans to raise $500m from the 10 year trade, a source at the company told GlobalCapital Asia. The transaction, which will be run by Deutsche Bank, JP Morgan, Standard Chartered and Pakistan’s Habib Bank, will be certified as a green bond, he said.

“We want to raise ...

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