SONERI BANK LIMITED LOCKS IN A DECADE WITH TIER-II BONDS

Karachi, (PPI Bot): Soneri Bank Limited has locked in a decade of financing with its 10-year Tier-II bonds (SNBLTFC4). These bonds have a market lot of 1 and a face value of PKR 100,000, with a profit rate of 6M KIBOR + 1.7%. The bank has raised a total of PKR 4,000,000,000, which remains outstanding. Investors can expect the next coupon on 26-Dec-2023.

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