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Karachi: Bank Al Habib Limited has launched a perpetual Term Finance Certificate (TFC) with the symbol BAHLTFC9. The instrument has a single market lot and a face value of PKR 5,000. The profit rate is pegged to the 6-month KIBOR plus 1.65%. The total and outstanding issue size for the TFC is PKR 7,000,000,000. The next coupon is due on 25th April 2024.
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