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Karachi, United Bank Limited has initiated a perpetual debt issuance, “TFC (Tier-I)” under the symbol UBLTFC5, amassing PKR 10 billion, which remains fully outstanding. With an individual market lot and a face value of PKR 5,000, the interest is pegged at 3M KIBOR + 1.55%. The forthcoming coupon date is set for April 29, 2024.
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