Pakistan Water & Power Development Authority (WAPDA) was established in 1958 and is headquartered in Lahore, Pakistan. The company is dedicated to the development and management of water and power resources in the country, with the primary purpose of improving energy production and ensuring effective water usage for irrigation and flood control. WAPDA primarily offers hydroelectric power generation and water resource management services, playing a vital role in Pakistan's energy infrastructure.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, WAPDA has been active in the bond market, issuing its first bonds in the early 2000s to finance extensive development projects. Significant bond issuances include the landmark $500 million sukuk issued in 2016 aimed at enhancing power generation capacity. Current yields on WAPDA bonds are competitive with industry averages, reflecting strong investor confidence. Additionally, WAPDA's bonds have special features, including options for early redemption, allowing more flexibility for investors, and the company has recently announced plans to issue further bonds to support ongoing infrastructure projects.