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Karachi, Askari Bank Limited has declared the next coupon dates for its Term Finance Certificates (TFC) for both Tier-I and Tier-II categories. The Tier-I TFC, symbolized as AKBLTFC6, is a perpetual security with a profit rate set at 6M KIBOR + 1.5%. The next coupon date for this security is scheduled for July 3, 2024. Meanwhile, the Tier-II TFC, known as AKBLTFC7, has a tenor of 10 years with a profit rate of 3M KIBOR + 1.2%. The upcoming coupon date for AKBLTFC7 is marked for June 17, 2024. Both securities require a market lot of 1.
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