Habib Bank Limited Secures Rs. 6.5 Billion with Perpetual TFC

Karachi: Habib Bank Limited has announced the issuance of a perpetual Term Finance Certificate (Tier-I), coded HBLTFC3, with a notable total issue size of Rs. 6,500,000,000. This financial instrument is designed with a profit rate formula of 3M KIBOR + 2.00%. The upcoming coupon payment for investors is anticipated on December 28, 2023.

Check Also

Pakistan Ready to Collaborate for Democratic UNSC, Says Ambassador Asim

New york: Pakistan stands ready to work with Africa and all partners for a just, democratic, and representative Security Council, truly reflective of the Charter's promise and responsive to the realities of our time. This was stated by the Permanent R...