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Karachi, JS Bank Limited has strengthened its market position with the issuance of “TFC (Tier-I)” (JSBLTFC2) and “TFC (Tier-II)” (JSBLTFC3). The Tier-I TFC, with a perpetual tenor, and the Tier-II TFC, with a 7-year tenor, both have a market lot of 1 and a face value of Rs. 100,000. The profit rates are “6M KIBOR + 2.25%” and “6M KIBOR + 2.0%”, respectively. Both issues have a total size of Rs. 2,500,000,000, with nearly equivalent outstanding principals. The next coupon dates are 30-Dec-2023 and 28-06-2024, respectively.
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