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Karachi, United Bank Limited has actively participated in the debt securities market with its Tier-I TFC, UBLTFC5, as reported to the Pakistan Stock Exchange. This perpetual security has a market lot of 1 and a face value of Rs. 5,000. The interest rate is set at 3M KIBOR + 1.55%. The TFC has a significant total and outstanding issue size of Rs. 10 billion. The next coupon payment for this security is expected on January 29, 2024, reflecting the bank’s solid footing in the financial market.
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