Habib Bank Limited Introduces Perpetual TFC to Strengthen Capital Base

Karachi, Habib Bank Limited has announced the issuance of a Perpetual Tier-I Term Finance Certificate (TFC), HBLTFC2, with an objective to expand its capital foundation. This financial instrument is designed to have a perpetual tenure, highlighting the bank’s long-term commitment to financial resilience. With a total issue size of Rs. 12.374 billion and a face value of Rs. 100,000 per unit, the TFC sets its next coupon date for June 26, 2024. This initiative represents a significant move by Habib Bank to secure enduring financial health and support its growth strategies.