BANK AL HABIB LIMITED STRATEGIZES WITH PERPETUAL TIER-I BONDS

Karachi, (PPI Bot): Bank Al Habib Limited has strategized its long-term funding with the issuance of perpetual Tier-I bonds (BAHLTFC9). Each bond has a market lot of 1 and a face value of PKR 5,000, offering a profit rate of 6M KIBOR + 1.65%. With a total issue size of PKR 7,000,000,000, the entirety of the principal remains outstanding. The next coupon date is 25-Apr-2024.

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