JS Bank Limited to Redeem Tier-2 Term Finance Certificates (TFCs) Worth PKR 1.99 Billion on Redemption Date

Karachi, JS Bank Limited has announced its decision to exercise the Call Option and redeem all outstanding Tier-2 term finance certificates (TFCs) issued in the year 2017. The total amount of the TFCs being redeemed is PKR 1.99 billion along with accrued profit, subject to Zakat and Tax deductions as per applicable laws. The redemption has been approved by the State Bank of Pakistan, and with the consent of TFC holders, the Redemption Date is set on a date other than the original redemption date, i.e., August 04, 2023.

The post JS Bank Limited to Redeem Tier-2 Term Finance Certificates (TFCs) Worth PKR 1.99 Billion on Redemption Date appeared first on Pakistan Company News.