JS Bank Limited Issues Perpetual and 7-Year TFCs

Karachi: JS Bank Limited has made two separate financial placements with the Pakistan Stock Exchange (PSE). The first placement is a perpetual term finance certificate (TFC), symbolized by JSBLTFC2, with a market lot size of 1, carrying a face value of Rs. 100,000. The profit rate for this security is set at 6M KIBOR + 2.25%, with a total issue size of Rs. 2,500,000,000. The next coupon date for this placement is scheduled for 30th December 2023.

In a concurrent placement, JS Bank Limited has issued a 7-year TFC, with the symbol JSBLTFC3, also with a market lot size of 1 and face value of Rs. 100,000. This security offers a profit rate of 6M KIBOR + 2.0%. The total issue size is equal to its perpetual counterpart, at Rs. 2,500,000,000. Investors can expect the next coupon payment on 28th December 2023.