KARACHI - Engro Corporation Limited has generated an amount of Rs 2b with the issuance of its first-ever Retail Term Finance Certificate, i.e. Rupiya Certificates to finance the liquidity needs of Engro for investments in its subsidiaries. In a statement, issued on Wednesday, Ruhail Mohammed, Group CFO Engro said the corporation has received this subscription amount within a month, which shows trust of the investors on the Egros corporate debt instrument. He further said, The response, which we have been getting from our investors, has strengthened our commitment to bring more innovative business and investment models for Pakistan after the achievement of Engro Rupiya. It must be mentioned here that the certificate was launched keeping in view Engros expansion plans and businesses in various sectors such as fertilizers, power generation, foods etc. Engro Corp has applied a new approach in the form of Engro Rupiya to raise money for the development of debt capital market and to provide investors with a reliable and efficient avenue of investment within Pakistan. The certificates offer profit payments at 14.5 per cent every 6 months per/annum for a minimum amount of Rs25,000, 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. Engro Rupiya is now exercising the green shoe option for Rs 2b with subscription open till January 14, 2011 or earlier in case the green shoe option amount is met.