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Karachi: Summit Bank Limited has announced a seven-year term finance certificate, SMB LTF C, with a market lot of 1 and a face value of Rs. 5,000. The profit rate is pegged to the 6-month KIBOR plus 3.25%. The issue size is Rs. 1,500,000,000, with an outstanding principal of Rs. 1,495,500,000. The next coupon date has not been specified.
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