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Karachi, Soneri Bank Limited has issued a Tier-I Term Finance Certificate (SNBLTFC3) as per the latest financial disclosures to the Pakistan Stock Exchange. The perpetual TFC, with a market lot of 1 and a face value of Rs. 5,000, carries an interest rate of 6M KIBOR + 2.00%. It has a total issue size of Rs. 4 billion, all of which remains outstanding. The next coupon date for this security is scheduled for June 6, 2024, indicating the bank’s continuous engagement in the debt market.
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