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Karachi, Bank Al Habib Limited has introduced a perpetual Tier-I TFC, BAHLTFC9, with a market lot of 1 and a face value of PKR 5,000. The TFC has a profit rate based on 6M KIBOR+1.65%, indicative of the bank’s perpetual financial planning. With an issue size of PKR 7,000,000,000, the bank has assured the entire amount as the outstanding principal, with the next coupon slated for 25-Apr-2024.
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