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Karachi: United Bank Limited has announced its Perpetual Term Finance Certificate (Tier-I) with a market lot size of 1 and a face value of Rs. 5,000. The profit rate is based on the 3-month KIBOR plus a spread of 1.55%. This security has a total issue size of Rs. 10 billion, which is also the outstanding principal. The next coupon payment for this TFC is expected on 29 January 2024.
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