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Karachi: Askari Bank Limited has introduced a perpetual TFC, AKBLTFC6, with a market lot of Rs. 1,000,000. The debt security is pegged to a profit rate of 6M KIBOR + 1.5%. It has a total issue size of Rs. 6,000,000,000, equal to the outstanding principal. The next coupon payment is due on 03-Jan-2024.
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