JS Bank Limited Issues Perpetual and 7-Year TFCs for Capital Enhancement

Karachi, JS Bank Limited has announced the launch of two Term Finance Certificates (TFCs) as part of its efforts to strengthen its capital base. The perpetual Tier-I TFC, JSBLTFC2, and the 7-Year Tier-II TFC, JSBLTFC3, are both aimed at bolstering the bank’s capital structure. With an issue size of Rs. 2.5 billion each and a face value of Rs. 100,000 per unit, these instruments set their next coupon dates for June 30, 2024, and June 28, 2024, respectively. These initiatives indicate JS Bank’s proactive approach in securing financial stability through innovative capital solutions.