THE BANK OF PUNJAB TARGETS PERPETUAL GROWTH WITH TIER-I BONDS

Karachi, (PPI Bot): The Bank of Punjab is targeting perpetual growth with its Tier-I bonds (BOPTFC2). The bonds have a market lot of 1 and a face value of PKR 100,000, offering a profit rate of 6M KIBOR + 2.00%. The bank has raised PKR 8,017,500,000, which is fully outstanding, with the next coupon date set for 20-Dec-2023.

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