AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, United Bank Limited has announced the launch of “TFC (Tier-I)” with an interest formula of 3M KIBOR + 1.55%. The securities, each with a face value of Rs. 5,000, have a total issue size of Rs. 10,000,000,000, with the entire amount still outstanding. Aimed at enhancing the bank’s capital base, these perpetual TFCs are scheduled for their next coupon payment on April 29, 2024.
Check Also
PIA to Resume Direct Beijing-Islamabad Flights from Tomorrow
Beijing: Pakistan International Airlines will resume its direct passenger service between Beijing and Islamabad from tomorrow. The resumption of services is expected to provide much-needed convenience for students, business travelers, tourists, and fa...