JS Bank Limited Offers Perpetual and Seven-Year Term Finance Certificates

Karachi: JS Bank Limited offers investors perpetual and seven-year term finance certificates. The perpetual Tier-I TFC has a market lot of 1 and a face value of Rs. 100,000, with a profit rate of 6-month KIBOR plus 2.25% and an issue size of Rs. 2,500,000,000, fully outstanding. The next coupon date is 30 December 2023. The Tier-II TFC, also with a market lot of 1 and a face value of Rs. 100,000, carries a profit rate of 6-month KIBOR plus 2.0% and an issue size of Rs. 2,500,000,000, with Rs. 2,499,500,000 outstanding. The coupon payment for this instrument is due on 28 December 2023.