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Karachi: Bank Alfalah Limited has announced the issuance of perpetual Tier-I debt securities, marked with the symbol code “TFC (Tier-I)”. These securities will be available in a market lot of 5,000 with a face value of Rs. 5,000 each. They carry a profit rate of “6M KIBOR + 2.00%” and have a total issue size of Rs. 7,000,000,000. The outstanding principal for this issue is also Rs. 7,000,000,000. The next coupon date for these securities is set for 21-Dec-2023.
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