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Karachi: Askari Bank Limited has issued a TFC Tier-I security with the symbol AKBLTFC6. The market lot for the security is 1, having a face value of Rs. 1,000,000. The tenor for this TFC is perpetual, and it comes with a profit rate of 6M KIBOR + 1.5%. The total issue size stands at Rs. 6,000,000,000, with an outstanding principal of the same value. The next coupon date is set for 03-Jan-2024.
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