Engro Rupiya Certificate

Topics: Investment, Rate of return, Credit rating Pages: 2 (399 words) Published: April 26, 2011
Engro Rupiya Certificate
Engro, has a legacy of sustained growth, accepting new challenges and fulfilling promises. With a diverse range of businesses, ranging from fertilizers to dairy products, business solutions to PVC resin, power generation to commodity trade, we have become the premiere Pakistani enterprise with a global reach. With an attractive profit rate of 14.5% per annum, Engro Rupiya is superior to most saving schemes in the country. It offers you unprecedented convenience and secured returns. Our strong code of ethics and transparent procedures assure no hidden costs and the peace of mind you deserve. Through the Engro Rupiya Certificate you have the opportunity to share the growth of one of the largest conglomerates in Pakistan and be part of its future successes. Product Features

* Fixed Profit rate of 14.5% per year payable every 6 months for a tenor of 3 years * Minimum investment of Rs. 25,000 with increments of Rs. 5,000 * Profit earned from the first day of investment

* Profit deposited directly into your bank account for added convenience * Rated “AA” which denotes very high credit quality
* Free pickup of application form right from your doorstep * No minimum holding period so investments can be encashed anytime subject to service charges of 2% on the investment balance for encashments before completion of 3 years.

Channelization of Funds:
The TFC issue is Engro Corporation’s first TFC, which was declared the holding company on Jan 1st 2010, after the demerger of the fertilizer business. Engro Rupiya has been given an AA rating by PACRA. It is a secured investment for which Engro has created charge on 18.5bn worth of assets with the trustee ( IGI Investment Bank). The proceeds of this issue will be channelized into two subsidiaries, Engro Foods (25%) and Engro Fertilizers (75%) Low risk

The product has been rated double AA rated by PACRA, The ratings denote a very low expectation of credit risk. They indicate...
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