JS Bank Limited Offers Tier-I and Tier-II TFCs

Karachi, JS Bank Limited has issued two sets of TFCs: “JS B LTFC 2” for Tier-I and “JS B LTFC 3” for Tier-II. The Tier-I TFCs are perpetual with an issue size of Rs. 2,500,000,000 and a profit rate of “6M KIBOR+2.25%”, due for the next coupon on “30-Dec-2023”. The Tier-II TFCs, with a tenure of 7 years, have an almost complete subscription with Rs. 2,499,500,000 out of Rs. 2,500,000,000 issued, offering a profit rate of “6M KIBOR+2.0%”, with the next coupon date set for “28-Dec-2023”. Both TFCs have a face value of Rs. 100,000.