AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
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.
Check Also
Aurangzeb Engages with U.S. Development Finance Corporation for Enhanced Sectoral Projects
Islamabad: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, engaged with representatives of the U.S. International Development Finance Corporation in Washington, D.C. This meeting aimed to seek expedited support for priority priva...