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Karachi: JS Bank Limited has announced its perpetual Tier-I TFC issuance, priced at Rs. 100,000 per certificate. The profit rate is fixed at the 6-month KIBOR with an added 2.25%. The bank has successfully issued TFCs valued at Rs. 2.5 billion, which remains as the outstanding principal amount. Holders of this financial instrument can expect the next coupon on 30 December 2023.
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