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Karachi: JS Bank Limited has successfully placed a 7-year Term Finance Certificate (Tier-II), with a face value of Rs. 100,000 per certificate. The profit rate is pegged to the 6-month Karachi Interbank Offered Rate (KIBOR) plus an additional 2.0%, indicative of market trends and the bank’s creditworthiness. The bank has raised Rs. 2,500,000,000 through this issuance. Investors should anticipate the next coupon payment on 28 December 2023.
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