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Karachi, United Bank Limited has issued perpetual securities (UB LTFC 5), aimed at raising Tier-I capital. The profit rate for these securities is set at 3M KIBOR+1.55%, with each market lot valued at Rs. 5,000. The total issue size is Rs. 10,000,000,000, and the next coupon payment is scheduled for 29-01-2024, reflecting the bank’s commitment to maintaining strong perpetual capital.
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