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Karachi: U Microfinance Bank Limited has entered the debt market with a TFC denoted by UMBLTFC1. This instrument has a face value of Rs. 100,000 and a 4-year tenor, carrying a profit rate based on 6M KIBOR + 1.35%. The total issue size for this TFC stands at Rs. 3,500,000,000. The bank has set the next coupon date for December 23, 2023.
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