Karachi: Askari Bank Limited has listed a Tier-II TFC, AKBLTFC7, for a ten-year term with a profit rate of 3M KIBOR+1.2%. The total issue and outstanding principal amounts are both 6 billion Rs., with the next coupon date scheduled for 17-Dec-2023, si...
Read More »MCB Pakistan Frequent Payout Fund Reflects Varied Returns
Karachi: For the year ending June 2023, the MCB Pakistan Frequent Payout Fund, active since 2016, reported no change in its offer and redemption prices. However, the fund's previous book closure indicated returns of Rs 3.2019 per unit in the previous ...
Read More »Samba Bank Limited Targets Expansion with Tier-II TFC
Karachi: Samba Bank Limited has targeted expansion by issuing a Tier-II TFC, SBLTFC, with a ten-year term and a profit rate of 6M KIBOR+1.35%. The issue size is 5 billion Rs., with an outstanding principal just shy of that at 4.997 billion Rs. The nex...
Read More »Bank Alfalah Limited and K-Electric Limited Leverage Debt Instruments for Growth
Karachi: Bank Alfalah Limited's perpetual Tier-I TFC, BAFLTFC8, and K-Electric Limited's seven-year sukuk, KELSC6, are set to reinforce their growth. Bank Alfalah's TFC has a profit rate of 6M KIBOR+2.00%, with a 7 billion Rs. issue size and the same ...
Read More »United Bank Limited Lists Perpetual Tier-I Debt Instrument
Karachi: United Bank Limited has listed its perpetual Tier-I debt instrument, UBLTFC5, with a 3M KIBOR+1.55% profit rate. The total issue size and outstanding principal are both at 10 billion Rs. The instrument's coupon is set to be paid next on 29-01...
Read More »EFU General Insurance Ltd. Exhibits Strong Market Performance
Karachi: EFU General Insurance Ltd. (EFUG) demonstrated strong market performance in the Pakistan Stock Exchange. The company closed at PKR 87.00, with a paid-up capital of PKR 2,000.00 million as of December. EFU General Insurance declared distributi...
Read More »Shifa International Hospitals Ltd. Continues Strong Performance
Karachi: Shifa International Hospitals Ltd. announced a 2% bonus for June, alongside a 30% dividend and a 15% distribution. The share rate stands at 131.40 Rs., with a high earnings per share of 11.29 Rs. and a turnover of 13137700 shares, reflecting ...
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