Kashf Foundation Unveils TFC with Attractive Profit Rate

Karachi: Kashf Foundation, a renowned microfinance institution in Pakistan, has introduced Tradable Financial Certificates (TFC) with the symbol KFTFC1. These TFCs have a tenor of 4 years and offer an appealing profit rate of 3M KIBOR + 2.25%. The total issue size for these TFCs is Rs. 2,000,000,000, and the next coupon date is set for 30-Sep-2023.Kashf Foundation’s move to issue TFCs with a competitive profit rate may attract investors seeking fixed-income opportunities in the market. The organization has a strong presence in the microfinance sector, and this financial instrument may contribute to its funding requirements for future initiatives.