Bank Alfalah Limited Maintains Strong Presence in Debt Securities Market

Karachi, Bank Alfalah Limited has sustained a notable presence in the publicly issued debt securities market, as reported to the Pakistan Stock Exchange. The bank has two different Term Finance Certificates (TFCs) listed. The first, BAFLTFC6, is a Tier-I perpetual security with a market lot of 1 and a face value of Rs. 5,000. It features an interest rate of 6M KIBOR + 1.5%, with a total and outstanding issue size of Rs. 7 billion. The next coupon date is set for March 26, 2024. The second, BAFLTFC7, with a similar structure, has a fixed interest rate of 9.03% for a three-year tenure. Its total and outstanding issue size also stands at Rs. 11 billion, with the next coupon date on January 15, 2024.