Soneri Bank Releases Details of Its Perpetual Debt Security

Karachi: Soneri Bank Limited has shared information regarding its TFC under Tier-I. Identified as SNBLTFC3, this security possesses a face value of 5,000. The profit rate is determined by the 6M KIBOR enhanced by 2.00%. The bank has issued this security for a total amount of Rs. 4,000,000,000, maintaining the same value as the outstanding principal. The subsequent coupon date is 06-12-2023.

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