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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.
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