AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, In a strategic financial move, Askari Bank Limited has announced the issuance of two types of Term Finance Certificates (TFCs). The first, AKBLTFC6, is a Tier-I perpetual TFC with an issue size of Rs. 6 billion, all of which remains outstanding. The next coupon date for this security is January 3, 2024. Concurrently, the bank has issued a Tier-II TFC, AKBLTFC7, also valued at Rs. 6 billion and with the same outstanding amount, set for a ten-year term. The forthcoming coupon date is December 17, 2023.
Check Also
Pakistan Ready to Collaborate for Democratic UNSC, Says Ambassador Asim
New york: Pakistan stands ready to work with Africa and all partners for a just, democratic, and representative Security Council, truly reflective of the Charter's promise and responsive to the realities of our time. This was stated by the Permanent R...