Habib Bank Limited Solidifies Market Position with Perpetual TFC

Karachi, Habib Bank Limited, under the symbol HBLTFC2, has issued a perpetual TFC with a face value of Rs. 100,000. According to information available from the Pakistan Stock Exchange (PSX), this security carries a profit rate of 3M KIBOR + 1.6% and has raised a total of Rs. 12,374,000,000, fully maintained as outstanding principal. This strategic financial maneuver aims to strengthen Habib Bank’s capital structure, with the next coupon payment expected on June 26, 2024.