Samba Bank Limited Expands with PKR 5 Billion Debt Securities Issue

Karachi, In a strategic move to bolster its financial standing, Samba Bank Limited (SBLTFC) announced the issuance of PKR 5,000,000,000 in privately placed debt securities. These securities, carrying a face value of PKR 100,000 each, have a tenor of 10 years. The profit rate is defined as the 6-month KIBOR plus 1.35%, with the next coupon date set for September 1, 2024.