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Karachi, In another move, Askari Bank Limited has launched its Tier-II TFC. This privately placed debt security also comes with a market lot of 1 and a face value of Rs. 1,000,000. With a tenor of 10 years, its profit rate is determined by the 3-month KIBOR plus 1.2%. The total issue and outstanding principal size for this TFC stands at Rs. 6,000,000,000. The next coupon date is set for 17-Dec-2023.
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