JS Bank Limited Releases Perpetual TFC Tier-I Offering 6M KIBOR+2.25% Profit Rate

Karachi: JS Bank Limited has announced the issuance of its Term Finance Certificate (TFC) Tier-I, labeled as JSBLTFC2. The securities have a market lot size of 1 with a face value of Rs. 100,000. These TFCs are perpetual and come with a profit rate set at 6M KIBOR+2.25%. The bank has issued securities amounting to Rs. 2,500,000,000, with the same amount as the outstanding principal. The next coupon date for these TFCs is 30-Dec-2023.