The Bank of Punjab and Habib Bank Limited Issue Perpetual Tier-I Securities

Karachi: The Bank of Punjab has introduced a perpetual Tier-I Term Finance Certificate, symbolized as BOP TFC 2, with a profit rate of 6-month KIBOR plus 2.00%. The total issue size is Rs. 8,017,500,000, fully outstanding, with a market lot of 1 and a face value of Rs. 100,000. The next coupon date is set for 20 December 2023. Concurrently, Habib Bank Limited has issued its perpetual Tier-I TFC, HBL TFC 3, with a profit rate of 3-month KIBOR plus 2.00%, and a total issue size of Rs. 6,500,000,000, which remains outstanding. The investors are looking forward to the next coupon date on 28 December 2023.