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Karachi: Kashf Foundation has placed a 4-year Term Finance Certificate (TFC) with a face value of Rs. 1,000,000. The TFC carries a profit rate based on the 3-month KIBOR, increased by 2.25%. With a total issue size of Rs. 2,000,000,000, this reflects Kashf Foundation’s strategic financial planning. The upcoming coupon is due on 30 September 2023 for TFC holders.
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