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Karachi: The Bank of Punjab has issued a perpetual Term Finance Certificate (Tier-I), under the symbol BOPTFC2, with an impressive total issue size of Rs. 8,017,500,000. This instrument has a profit rate tied to 6M KIBOR + 2.00%, and with its perpetua...
Read More »U Microfinance Bank Limited Issues TFC with a 4-Year Tenor
Karachi: U Microfinance Bank Limited has entered the debt market with a TFC denoted by UMBLTFC1. This instrument has a face value of Rs. 100,000 and a 4-year tenor, carrying a profit rate based on 6M KIBOR + 1.35%. The total issue size for this TFC st...
Read More »Kashf Foundation Releases 4-Year TFC with Next Payout in September 2023
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 ...
Read More »ABL Islamic Stock Fund Offers 5.00% Distribution to Its Investors
Karachi: Today's trading session saw the ABL Islamic Stock Fund with an offer price of Rs. 14.05 and a redemption price of Rs. 13.73. The fund provided a 5.00% distribution as of its June year-end reporting. No distributions have been made for the cur...
Read More »Habib Bank Limited Secures Rs. 6.5 Billion with Perpetual TFC
Karachi: Habib Bank Limited has announced the issuance of a perpetual Term Finance Certificate (Tier-I), coded HBLTFC3, with a notable total issue size of Rs. 6,500,000,000. This financial instrument is designed with a profit rate formula of 3M KIBOR ...
Read More »Bank Alfalah Poised for 60%+ Capital Upside, Analysts Say
Karachi, Bank Alfalah (BAFL), one of the prominent financial institutions in the region, is identified as a valuable investment opportunity with analysts predicting over 60% capital upside. This projection comes in light of the bank's expected average ...
The post Bank Alfalah Poised for 60%+ Capital Upside, Analysts Say appeared first on Pakistan Business News.
Read More »Security Papers Limited Posts 74% Profit Surge in First Quarter
Karachi, Security Papers Limited, a renowned manufacturer of banknote and security papers, announced a significant 74% increase in after-tax profit for the first quarter of the financial year 2023-24, ending on September 30, 2023. The earnings per shar...
The post Security Papers Limited Posts 74% Profit Surge in First Quarter appeared first on Pakistan Business News.
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