Bank Alfalah Limited Bonds Rally in Response to Strong Performance

Karachi, Bank Alfalah Limited’s Tier-I TFC bonds (BAFLTFC6) surged today on the Pakistan Stock Exchange following the company’s robust financial performance. The bonds, with a face value of Rs. 5,000 per lot, witnessed increased investor interest, buoyed by the company’s solid earnings and positive market sentiment. Bank Alfalah Limited’s perpetual bonds, offering a profit rate of 6M KIBOR+1.5%, continued to attract investors, with a total issue size of Rs. 7,000,000,000. The next coupon date for these bonds is set for September 26, 2024.