JS Bank Limited Engages Investors with Tier-I and Tier-II TFCs

Karachi, JS Bank Limited has introduced two tiers of Term Finance Certificates, focusing on long-term funding strategies. According to information available from the Pakistan Stock Exchange (PSX), the first, JSBLTFC2, is a perpetual TFC offering a profit rate of 6M KIBOR + 2.25% with an issue size of Rs. 2,500,000,000. The entire principal remains outstanding, and the next coupon is due on June 30, 2024. The second, JSBLTFC3, is a seven-year TFC with a profit rate of 6M KIBOR + 2.0%, raising Rs. 2,500,000,000 with Rs. 2,498,000,000 still outstanding. Its next coupon payment is expected on June 28, 2024.