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 Issues $3 Billion Dual-Tranche Eurobond

Islamabad: Pakistan has issued a three-billion-dollar dual tranche Eurobond. The positive development was shared by Finance Minister Muhammad Aurangzeb while speaking at the High-Level International Dialogue on Taxation for Fiscal Sustainability in Pa...