Engro Rupiya Certificates' reach Rs 4 billion

Engro Rupiya Certificates have reached a net worth of 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. Launched back in October 2010, Engro Rupiya Certificates was the first Term Finance Certificate (TFC) to be launched by Engro Corp, and provided investors with an unprecedented and secure 14.5% rate of return.
This financial product offers profit payments twice in a year for a minimum amount of PKR 25,000, invested for a period of 3 years. The product also 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.-PR