Bank Al Habib Limited Enhances Long-Term Capital with Tier-II TFC

Karachi, Bank Al Habib Limited has introduced a Tier-II TFC, “BAHLTFC10,” with a ten-year term to the financial market. With a total issue size of Rs. 7 billion, the same amount is outstanding. The bank has set the next coupon date for December 23, 2023, with each TFC holding a market lot of 1 and a face value of Rs. 5,000, indicating its proactive approach in securing long-term funding.

Check Also

Junaid Chaudhry Announces Establishment of Fisheries, Aquaculture Centre in Karachi

Karachi: Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a fisheries and aquaculture research centre at the Korangi Fish Harbour Authority in Karachi. According to Radio Pakistan, the Minister stated ...