Pakistan, Jan. 20 -- JazzWorld has completed Pakistan's largest interest rate swap (IRS) transaction, securing Rs75 billion in financing with United Bank Ltd (UBL). The deal enables JazzWorld to hedge a significant portion of its debt against interest rate volatility, marking a milestone in the country's financial markets.

Read More: Jazz remains at the forefront of accelerating Pakistan's digital economy

An IRS allows two parties to exchange interest payment obligations, most commonly swapping a fixed rate for a floating one over an agreed period. Such instruments help corporates manage risk and obtain greater predictability over future borrowing costs, which is particularly critical in high-rate or volatile environments.

JazzWorld's ...