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Karachi: The Kashf Foundation has listed a term finance certificate (TFC) on the Pakistan Stock Exchange, marked as KFTFC1. This 4-year security has a single unit market lot and a face value of Rs. 1,000,000. The TFC carries a profit rate of 3M KIBOR + 2.25% with the total issue size amounting to Rs. 2,000,000,000. The Foundation has scheduled the next coupon payment for 30th September 2023.
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