Summit Bank Limited Offers Seven-Year TFC

Karachi: Summit Bank Limited has floated a seven-year term finance certificate (TFC), SMBLTFC, with a market lot of Rs. 5,000. This debt security offers a profit rate tied to 6M KIBOR + 3.25%. The total issue size is Rs. 1,500,000,000, with nearly the...

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Samba Bank Limited Issues 10-Year Tier-II TFC

Karachi: Samba Bank Limited has released a 10-year Tier-II Term Finance Certificate (TFC) with the trading symbol SBLTFC. It has a market lot of 1 and a face value of PKR 100,000. The profit rate is set at 6-month KIBOR plus 1.35%. The total issue siz...

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