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Karachi: Bank Alfalah Limited’s perpetual Tier-I TFC, BAFLTFC8, and K-Electric Limited’s seven-year sukuk, KELSC6, are set to reinforce their growth. Bank Alfalah’s TFC has a profit rate of 6M KIBOR+2.00%, with a 7 billion Rs. issue size and the same outstanding principal, while K-Electric’s sukuk carries a profit rate of 3M KIBOR+1.7%, with an issue and outstanding principal of 6.7 billion Rs. Both companies have scheduled their next coupons for late 2023, signaling robust financing initiatives.
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