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Karachi, United Bank Limited has issued a perpetual Tier-I Term Finance Certificate, UBLTFC5, featuring a profit rate based on 3M KIBOR +1.55%. With an issue size of Rs. 10,000,000,000, the bank has maintained the full amount outstanding to support its tier-I capital. Each unit of this TFC is valued at Rs. 5,000, indicating UBL’s initiative to attract long-term funding. The upcoming coupon date is scheduled for 29-Apr-2024.
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