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Karachi, JS Bank Limited has announced the next coupon date for its “TFC (Tier-II)” security, symbol JSBLTFC4, on 29 May 2024. This security, having a market lot of 1, features a tenor of 10 years with a profit rate of 3-month KIBOR plus 2.00%. The Tier-II Term Finance Certificate is a key part of the bank’s debt structure, providing an investment avenue that correlates with the dynamic KIBOR rates.
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