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Karachi: Continuing its presence in the debt market, Askari Bank Limited has issued a 10-year Tier-II TFC, also with a face value of Rs. 1,000,000 per certificate. The profit rate is pegged to the 3-month KIBOR with an increment of 1.2%. The bank reports a total issue size of Rs. 6 billion, which matches the outstanding principal. Investors are looking forward to the next coupon date on 17 December 2023.
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