‘engro rupiya certificates’ launches second issuance
Karachi, June 2, 2011: Engro Corporation Limited has announced the launch of the second issue of the Engro Rupiya Certificatessavings option, which provides investors with an unprecedented 14.5% rate of return. This issuance follows the successful launch of the certificates in October 2010.
This issuances comes after the successful launch of the certificates in October 2010, when subscriptions for the Engro Rupiya Certificates reached Rs 4 billion, with the target having been met before the announced IPO closing period, with 80% of the amount having come from individual investors.
The second release of Engro Rupiya Certificates also offers profit payments twice in a year for a minimum amount of PKR 25,000, invested for a period of 3 years. The product offers investors the option to encash the certificates at any time, with the profit accumulated from the date of purchase to the date of encashment. Engro has also provided a unique service for the convenience of its customers, enabling certificate holders to conduct transactions and receive profit payments at home.
Speaking about the re-launch, Ruhail Muhammad, CFO, Engro Corporation Limited said, “The response we received after the launch of the Engro Rupiya Certificates in October last year demonstrates that Engro understands the needs of investors and the limitations that they face. Engro Rupiya provided and will continue to provide a reliable and efficient avenue of investment within Pakistan.”
In order to ensure the widest outreach and convenience for investors, Engro Corp has partnered with 15 institutions, including banks and other financial organizations, to facilitate investors in purchasing these certificates.
For more information about Engro Rupiya, and for understanding the investment process, please call 111 RUPIYA (111 787 492) or visit www.engrorupiya.com and benefit from innovative web solutions designed to enable potential investors to calculate expected returns before investing.
About Engro Corporation Limited: Engro Corp is one of Pakistan’s largest conglomerates, in operation for over 45 years, and with businesses ranging from fertilizers to power generation. Currently Engro Corp’s portfolio consists of seven businesses which include chemical fertilizers, PVC resin, a bulk liquid chemical terminal, industrial automation, foods, power generation and commodity trade.