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Karachi, Summit Bank Limited has entered the debt market with its 7-year Term Finance Certificate (SMBLTFC), as per the details provided to the Pakistan Stock Exchange. This TFC, with a market lot of 1 and a face value of Rs. 5,000, features an interest rate of 6M KIBOR + 3.25%. The total issue size of the TFC is Rs. 1.5 billion, with Rs. 1.495 billion still outstanding. The next coupon date for this TFC has not been specified, reflecting the ongoing nature of this financial instrument.
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