JS Bank Limited Expands with Tier-I and Tier-II Debt Offerings

Karachi, JS Bank Limited has actively engaged in financing through both perpetual and term securities. The “JSBLTFC 2” perpetual TFC and the “JSBLTFC 3” seven-year TFC have been issued with total sizes of PKR 2.5 billion each. The perpetual TFC carries a profit rate of 6M KIBOR plus 2.25%, with its coupon due on June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), The seven-year TFC offers a rate of 6M KIBOR plus 2.0%, with its next coupon due on June 28, 2024. Both securities cater to institutional investors with a market lot of 1 and a face value of PKR 100,000.