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Karachi, United Bank Limited has finalized the details of its Tier-I Term Finance Certificates (TFCs), identified as UBLTFC5, with a perpetual tenor. These TFCs have been introduced with a profit rate formula of 3M KIBOR + 1.55%, a market lot of 1, and a face value of Rs. 5,000. The bank has confirmed a total issue size of Rs. 10,000,000,000, which remains fully outstanding. The upcoming coupon date for these certificates is scheduled for April 29, 2024.
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