United Bank Limited Launches Perpetual Debt Securities

Karachi, United Bank Limited has introduced perpetual debt securities under the symbol UBLTF C 5, featuring a face value of Rs. 5,000 each. According to information available from the Pakistan Stock Exchange (PSX), the issue size is Rs. 10,000,000,000, with the total principal amount outstanding. The profit rate is set at 3-month KIBOR plus 1.55%, and the next coupon date is scheduled for July 29, 2024. These securities are traded in lots of one unit.