Habib Bank Limited Continues Perpetual Tier-I TFC

Karachi, (PPI Bot): Habib Bank Limited has continued its foray into perpetual debt instruments with its Tier-I TFC, HBLTFC3. This TFC, with a market lot of 1 and a face value of PKR 100,000, offers a profit rate tied to 3M KIBOR + 2.00%. The bank has raised PKR 6,500,000,000 through this issuance, which remains as the outstanding principal. Investors can expect the next coupon payment on 28-Dec-2023.

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