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Karachi, JS Bank Limited has announced a new offering in the Pakistan Stock Exchange’s privately placed debt securities market with its “JSBLTFC3” TFC. This Tier-II debt instrument, with a tenure of 7 years, has a total issue size of Rs. 2.5 billion. The TFC has nearly its entire issue size outstanding at Rs. 2.4995 billion and is set to reach its next coupon date on December 28, 2023. With each unit having a face value of Rs. 100,000, the TFC represents JS Bank’s ongoing strategy to manage long-term financing.
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