Soneri Bank Limited Issues Ten-Year TFC to Bolster Tier-II Capital

Karachi, (PPI Bot): Soneri Bank Limited has announced the issuance of a Tier-II Term Finance Certificate (TFC), SNBLTFC4, with a term of ten years. The issue, with a market lot value of PKR 100,000 and a face value of the same, offers a profit rate based on 6M KIBOR + 1.7%. This TFC release constitutes a PKR 4 billion issue, aligning with the outstanding principal value. The next coupon payment is anticipated on December 26, 2023.

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