JS Bank Limited Issues Tier-I and Tier-II Debt Securities

Karachi: JS Bank Limited, a prominent player in Pakistan’s banking sector, announced the issuance of Tier-I and Tier-II debt securities today. The bank’s Tier-I securities, with the symbol JSBLTFC2, offer a perpetual tenor with a profit rate of 6M KIBOR + 2.25%. The total issue size for these securities amounts to Rs. 2,500,000,000, with the next coupon date set for 30-Dec-2023.In addition to Tier-I, JS Bank Limited introduced Tier-II debt securities, identified by the symbol JSBLTFC3. These securities come with a tenor of 7 years and a profit rate of 6M KIBOR + 2.0%. The bank plans to issue a total of Rs. 2,500,000,000 in Tier-II securities, and the next coupon date is scheduled for 28-Dec-2023.Investors and financial analysts will be keen to observe the market response to these offerings, as they have the potential to impact JS Bank Limited’s capital structure and overall financial position. The issuance of debt securities is a common strategy among banks to raise capital for various business purposes.