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Karachi, Askari Bank Limited has released details of its “TFC (Tier-I)” (AKBLTFC6) issuance. This perpetual security, with a market lot of 1 and face value of Rs. 1,000,000, offers a profit rate of “6M KIBOR +1.5%”. It has a total issue size of Rs. 6,000,000,000 and an outstanding principal of the same amount, with the next coupon date scheduled for 03-01-2024.
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