AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Summit Bank Limited has released a 7-year Term Finance Certificate (TFC) into the market, with a standard lot size of 1 and a face value of Rs. 5,000. This security offers a profit rate that is the sum of the 6-month KIBOR and an additional 3.25%. The issue has attracted Rs. 1.5 billion, with the outstanding principal slightly lower at Rs. 1.4955 billion. The bank has not specified the next coupon date.
Check Also
Pakistan Emphasizes Diplomacy for Iran Nuclear Issue
Islamabad: Pakistan has reiterated that the Iran nuclear issue should be addressed through peaceful means. The remarks were made by Pakistan's Permanent Representative to the UN, Asim Iftikhar Ahmad, while speaking on the Security Council Vote on the ...