Ahmed & Qazi has been engaged as the joint financial advisors’ (JFAs’) legal counsel for a PKR 20 billion listed hashtag#green sukuk issue by the Ministry of Finance, Government of Pakistan, to finance hashtag#sustainable ♻️ development projects.
Once issued, this will mark the first ever sovereign green sukuk of Pakistan 🌟 as well as the first listed green instrument of Pakistan.
Ahmed & Qazi is responsible for structuring the deal, preparing all the required sukuk documentation and assisting in the finalisation and closing of the deal in coordination with Ministry of Finance, Government of Pakistan 💼, State Bank of Pakistan (SBP) 🏦, Pakistan Stock Exchange 💹, Central Depository Company of Pakistan Limited 🗃️, National Clearing Company of Pak Ltd. (NCCPL) and the JFAs.
Having acted as issuer’s counsel for Pakistan’s first green debt instrument (the US$500mn WAPDA Green Bond led by JPMorganChase), Ahmed & Qazi continues to play a pivotal role in the introduction and development of green instruments in the country. 🌱🌱
A&Q team for this matter is led by Nazif Ahmed (Head — Corporate) and Altan Ahmed (Managing Associate).
