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Karachi: The Bank of Punjab has issued a perpetual Term Finance Certificate (Tier-I), under the symbol BOPTFC2, with an impressive total issue size of Rs. 8,017,500,000. This instrument has a profit rate tied to 6M KIBOR + 2.00%, and with its perpetual nature, represents a long-term investment opportunity. Investors are due for their next coupon on December 20, 2023.
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