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 size is noted at PKR 5,000,000,000, with an outstanding principal slightly lower at PKR 4,997,000,000. The forthcoming coupon payment is due on 1st March 2024.

Check Also

Meeting Focuses on Preparations for Youm-e-Istehsal Commemoration

Islamabad: A meeting was held in Islamabad today with Federal Secretary for Kashmir Affairs and Gilgit-Baltistan Kamran Rehman Khan in the chair, to review preparations for the observance of Youm-e-Istehsal on the 5th of next month. According to Rad...