The Bank of Punjab Issues Perpetual TFC Raising Over Rs. 8 Billion

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.

Check Also

Meeting Focuses on Preparations for Youm-e-Istehsal Commemoration

Islamabad: A meeting was held in Islamabad today with Federal Secretary for Kashmir Affairs and Gilgit-Baltistan Kamran Rehman Khan in the chair, to review preparations for the observance of Youm-e-Istehsal on the 5th of next month. According to Rad...