{"id":6506,"date":"2025-12-12T07:29:12","date_gmt":"2025-12-12T07:29:12","guid":{"rendered":"https:\/\/infrazamin.com\/ur\/?page_id=6506"},"modified":"2025-12-12T07:32:41","modified_gmt":"2025-12-12T07:32:41","slug":"pr-izp-kashf-gender-bond-signing-ceremony","status":"publish","type":"page","link":"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/","title":{"rendered":"PR-IZP-Kashf-Gender-Bond-Signing-Ceremony"},"content":{"rendered":"\t\t
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InfraZamin Pakistan, Kashf Foundation and Arif Habib Limited launch Pakistan\u2019s first \u2018AAA\u2019 rated, PKR 2.5 billion, fully Guaranteed \u2018Gender Bond\u2019 for bond capital market investors.<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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InfraZamin Pakistan, a licenced NBFI and credit guarantee provider and Kashf Foundation a Section 42 company and licensed microfinance institution have signed an agreement to bring Pakistan\u2019s first \u201cGender Bond\u201d to institutional capital market investors. The \u201cGender Bond\u201d is a subsequently listed privately placed term finance certificate whose proceeds will go towards enhancing Kashf\u2019s portfolio towards lending exclusively to women to develop micro-infrastructure which includes rural area school construction, flood rehabilitation of damaged homes and expansion of women-led micro businesses. As such the Gender Bond fully subscribes to the Guidelines of Gender Bond issuance by Securities and Exchange Commission of Pakistan (SECP) which are based on the UN Sustainable Development Goals and UN Women\u2019s principles for women empowerment. Arif Habib Capital serves as the \u2018Arranger\u2019 for this bond.<\/p>

This 3-year Gender Bond will raise PKR 2.5 billion under an initial private placement and subsequent OTC listing to capital market investors thereby making it eligible for a large number of capital market participants. The bond carries an InfraZamin credit guarantee of 100% of the principle amount of the bond and partial guarantee for the interest instalments. The Bond is credit rated \u2018AAA\u2019 long term and \u2018A1+\u2019 by PACRA and attractively priced at 3-month Kibor + 1.50pc spread. The InfraZamin guarantee is irrevocable and unconditional which means that in the event of any credit event InfraZamin will pay all amounts as covered by the guarantee facility.<\/p>

This first-of-its-kind Gender Bond will allocate all of its proceeds via Kashf\u2019s microfinance lending portfolio to exclusively support ~30,000 women from low-income households to develop micro- infrastructure. Kashf Foundation has a rich 25 year history of supporting women and women led businesses from its microfinance platform and has over 700,000 active women clients. Since its inception Kashf has disbursed over 6.6 million loans to women micro-entrepreneurs. Bond proceeds are expected to boost Kashf\u2019s balance sheet and provide much needed commercial capital to women from an underprivileged stratum to pursue entrepreneurial aspirations, rehabilitate homes and expand schools and small businesses. Such lending will help women achieve financial independence, develop financial capacity and contribute towards Pakistan\u2019s economic growth and productivity.<\/p>

This first-ever Gender Bond will not only foster inclusivity and diversity but also contribute to the development of the bond capital markets. InfraZamin\u2019s 100% principle guarantee and partial interest guarantee provides complete comfort and protection to investors against default\/credit risk and will play a vital role in crowding in private institutional investor capital to augment Kashf Foundation\u2019s balance sheet.<\/p>

Recent SECP amendments have also facilitated this risk mitigation by allowing 85% exemption to NBFC\u2019s for exposures against InfraZamin\u2019s guarantees (similar to the State Bank of Pakistan\u2019s exposure exemptions to commercial banks) along with other areas of support for mutual funds as well.<\/p>

Commenting on the occasion, Maheen Rahman, CEO \u2013 InfraZamin Pakistan, said, \u201cWe are excited to the part of the first Gender Bond transaction in Pakistan and grateful to Kashf Foundation for their pioneering vision towards their long history of enabling women empowerment. As a country which sits near the bottom of the Gender Equity Index this transaction marks a significant leap forward in raising commercial capital directed to female empowerment and financial inclusion and represents an important milestone in the development and growth of the capital market. This transaction also demonstrates the power of using guarantees and credit enhancement facilities to enable a crowding in of private institutional investment into private sector led projects.<\/p>

Commenting on the occasion, Roshaneh Zafar, Managing Director \u2013 Kashf Foundation, said, \u201cCollaboration between Kashf Foundation and InfraZamin will not only be a significant leap forward for the financial sector but will also accelerate the process of creating financial opportunities for women entrepreneurs by introducing the first-ever Gender Bond in the capital market of Pakistan. Expanding access to affordable finance for more women-led businesses will create employment opportunities and fuel sustainable economic growth in the country. It is hoped this initiative will encourage other organizations and stakeholders to prioritize the economic potential and aspirations of women. This transaction will open up new avenues of investors for the microfinance sector particularly the Non profit MFIs. Kashf Foundation is hoping to work with diverse universe of investors and providing them with the opportunities to indirectly support the agenda of Financial Inclusion in the country.\u201d<\/p>

Commenting on the occasion, CEO Arif Habib Limited, Mr. Shahid Ali Habib stated: \u201c Arif Habib Limited is pleased to launch the first of its kind AAA Rated \u2018Gender Bond\u2019 in Pakistan being issued by Kashf Foundation and fully guaranteed by InfraZamin. The proceeds will be utilized for economic empowerment and financial inclusion of women in Pakistan which is essential for Pakistan\u2019s sustainable development. We are delighted that InfraZamin Pakistan is taking the lead in promoting private sector infrastructure projects and is acting as a Guarantor providing complete risk protection to bondholders of Kashf Foundation. \u201c<\/p>

Kashf Foundation, InfraZamin Pakistan and Arif Habib Limited are grateful to the support and facilitation extended to them by the Securities Exchange Commission of Pakistan (SECP) to enable the launch of this new product for Pakistan\u2019s bond markets.<\/p>

The Gender Bond has already been launched in marketing phase and hopes to complete the subscription by July subject to all requisite approvals from the SECP.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

InfraZamin Pakistan, Kashf Foundation and Arif Habib Limited launch Pakistan\u2019s first \u2018AAA\u2019 rated, PKR 2.5 billion, fully Guaranteed \u2018Gender Bond\u2019 for bond capital market investors. InfraZamin Pakistan, a licenced NBFI and credit guarantee provider and Kashf Foundation a Section 42 company and licensed microfinance institution have signed an agreement to bring Pakistan\u2019s first \u201cGender Bond\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-6506","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nPR-IZP-Kashf-Gender-Bond-Signing-Ceremony - infrazamin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PR-IZP-Kashf-Gender-Bond-Signing-Ceremony - infrazamin\" \/>\n<meta property=\"og:description\" content=\"InfraZamin Pakistan, Kashf Foundation and Arif Habib Limited launch Pakistan\u2019s first \u2018AAA\u2019 rated, PKR 2.5 billion, fully Guaranteed \u2018Gender Bond\u2019 for bond capital market investors. InfraZamin Pakistan, a licenced NBFI and credit guarantee provider and Kashf Foundation a Section 42 company and licensed microfinance institution have signed an agreement to bring Pakistan\u2019s first \u201cGender Bond\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/\" \/>\n<meta property=\"og:site_name\" content=\"infrazamin\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-12T07:32:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 \u0645\u0646\u0679\u0633\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/\",\"url\":\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/\",\"name\":\"PR-IZP-Kashf-Gender-Bond-Signing-Ceremony - infrazamin\",\"isPartOf\":{\"@id\":\"https:\/\/infrazamin.com\/ur\/#website\"},\"datePublished\":\"2025-12-12T07:29:12+00:00\",\"dateModified\":\"2025-12-12T07:32:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/#breadcrumb\"},\"inLanguage\":\"ur\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infrazamin.com\/ur\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PR-IZP-Kashf-Gender-Bond-Signing-Ceremony\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infrazamin.com\/ur\/#website\",\"url\":\"https:\/\/infrazamin.com\/ur\/\",\"name\":\"infrazamin\",\"description\":\"Guaranteeing Infrastructure\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infrazamin.com\/ur\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ur\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PR-IZP-Kashf-Gender-Bond-Signing-Ceremony - infrazamin","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infrazamin.com\/ur\/pr-izp-kashf-gender-bond-signing-ceremony\/","og_locale":"en_US","og_type":"article","og_title":"PR-IZP-Kashf-Gender-Bond-Signing-Ceremony - infrazamin","og_description":"InfraZamin Pakistan, Kashf Foundation and Arif Habib Limited launch Pakistan\u2019s first \u2018AAA\u2019 rated, PKR 2.5 billion, fully Guaranteed \u2018Gender Bond\u2019 for bond capital market investors. 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