United Bank Limited (UBL) has successfully completed Pakistan’s largest-ever interest rate swap, valued at USD 270 million, or around Rs75 billion, with telecom company Jazz. This major financial deal allows Jazz to change its loan payments from a floating interest rate to a fixed interest rate.
By doing this, Jazz can better manage its costs and protect itself from future increases in interest rates. Fixed payments make it easier for the company to plan ahead, manage cash flows, and maintain financial stability over the long term.
The transaction also highlights the growing maturity of Pakistan’s financial and derivatives market, showing that local institutions are increasingly using advanced risk-management tools. For UBL, the deal strengthens its position in a potentially lower interest-rate environment and demonstrates its expertise in offering complex financial solutions.
Overall, this agreement is seen as an important step forward in corporate risk management and financial innovation in Pakistan. The information shared is based on available reports and is for general awareness. Images used are for reference purposes, and readers are encouraged to consult official sources for complete details.
