UBL : DEBT AND CAPITAL MARKETS

	Loan Syndication
	Raising term financing from financial institutions Can be used to raise large financing amount Results in the use of bank lines by the corporation Plain vanilla product Advantage of bilateral-type operation as primary interface is with the Agent Bank only. IBG acts as an Advisor, Arranger and/or Trustee of the loan facility
	TFC
	Redeemable capital issued under section 120 of the Companies Ordinance, 1984 Capital market alternative to traditional bank debt Replicates the cash flows of a coupon-bearing bond First TFC in Pakistan issued by Packages Limited in 1995 Two types of TFCs are: Listed TFCs Privately-Placed TFCs IBG acts as an Arranger and Structuring Agent and Trustee
	Listed TFC
	Listed TFCs are made available to the general public in addition to institutional investors through listing on the stock exchange Facilitate trading in the secondary market Offered through both Private Placement (Pre-IPO) and Initial Public Offer (IPO) Listing creates liquidity through bid and offer quotes in the secondary market Increasingly growing with 14 companies offering TFCs worth PKR 16.8 billion at the Karachi Stock Exchange alone in 2005. This trend also continued in the year 2006 and UBL IBG had significant market share of listed TFC issues in 2006
	Privately Placed TFC
	Privately-Placed TFCs are not offered to the public Offered to a single principal investor or to a group of institutional Investors, allowed under Section 120 of the Companies Ordinance, 1984 Arranging a Privately-Placed TFC issue takes considerably less time. Can be achieved in a matter of 4-8 weeks Approvals are not required from regulatory authorities (stock exchanges, SECP) and the credit-rating of the entity and instrument need not be obtained
	Securitization
	Securitization designed to improve the risk profile of the facility for the Issuer IBG acts as Structuring Agent and Arranger Asset Backed Securitization (ABS) Bonds or notes backed by financial assets Pools of financial assets are sold to SPV SPV converts these pools to marketable securities in the form of Asset Backed Securities Debt and Capital Markets Project & Structured Finance Equity Capital Markets Why Clients Should Choose Us? A multi-faceted customized approach focused towards client satisfaction Offers a full spectrum of Investment Banking services under one roof Current mandates add up to over PKR59 billion (US$967million). A healthy mixture of Debt, Equity & Advisory transactions. Structured and executed debt and equity transactions totaling over PKR 45 billion (US$744 million) in 2006, PKR60 billion (US$1billion) in 2005, and PKR52 billion (US$866 million) in 2004. Financial Advisor & Lead Arranger – Non-recourse Project Financing for Pakistan’s First IPP under Power Policy 2002 for Orient Power Company Limited – PKR8,600 million. Financial Advisor & Lead Arranger – Pakistan’s Largest Project Financing to-date for Fatima Fertilizer Co. Ltd.- PKR23,000 million. Financial Advisor & Arranger - Pakistan’s First Listed Floating Rate Preferred Share Issue for Masood Textiles Mills Limited - PKR600 million. Lead Arranger – Pakistan’s First Commercial Financing of an Undersea Fiber Optic Network for Transworld Associates (Pvt.) Limited – PKR1,400 million. Buy-Side Advisor for acquisition of Pak-Arab Fertilizers Limited – Pakistan's Largest Leveraged Buy-Out (LBO) to Fatima Group & Arif Habib Group –PKR14,675 million. Lead Arranger – Pakistan’s First Co-Generation Plant on a 100% non-recourse basis and which also had the First FX Option issued by a Pakistani Bank for DHA Cogen Limited – PKR5, 150 million. Advisor on the divestment of stake in Pakistan PTA Ltd – Pakistan’s Largest Equity Block Transaction to date to ICI Pakistan Limited - PKR4,000 million. Joint Advisor & Arranger - Pakistan’s Largest Syndicated Transaction involving syndication of PKR20.5 billion and the Largest FX Swap in Pakistan for PARCO - US$387 million. Joint Advisor & Arranger - Pakistan’s Largest Privately Placed Bond for Pakistan International Airlines – PKR15.14 billion. Financial Advisor & Arranger - First Listed and Rated Asset Backed Securitization for Paktel Limited – PKR990 million. Awarded the “Largest Investment Bank” award by The CFA Association of Pakistan for three consecutive years (2003-2005).