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Karachi, (PPI Bot): The Bank of Punjab has issued its perpetual Term Finance Certificates (TFCs) Tier-I, designated as BOPTFC2. The face value of each TFC is set at PKR 100,000, with a market lot of 1. The profit rate is determined by the 6-month KIBOR plus 2.00%. The total issue size is recorded at PKR 8,017,500,000, which is also the total outstanding principal. The next coupon date is expected to be on December 20, 2023.
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