Soneri Bank Limited Secures Decade-Long Funding with Tier-II TFC

Karachi, (PPI Bot): Soneri Bank Limited has secured a decade-long funding source with a Tier-II TFC, SNBLTFC4. The certificate has a face value of PKR 100,000 and carries a profit rate of 6M KIBOR+1.7%. The issue size stands at PKR 4 billion, which is also the total outstanding principal. The bank is preparing for the next coupon date on 26-Dec-2023.

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