Day: April 15, 2024

Worldcall Telecom Limited’s TFC Fully Matured

Karachi, Worldcall Telecom Limited’s TFC, WTLTFC3, fully matured on April 15, 2020, with no outstanding principal. Initially set with a five-year tenor and a total issue size of Rs. 4 billion, the profit rate was 6-month KIBOR plus 1.60%. Each certifi…

Bank Islami Pakistan Limited Details Another Perpetual Sukuk

Karachi, Bank Islami Pakistan Limited has issued another perpetual Sukuk, BIPLSC2, with an outstanding principal of Rs. 1 billion. The profit rate is set at 1-month KIBOR plus 2.5%, with the next coupon payment due on May 1, 2024. Each Sukuk has a fac…

Dewan Farooque Spinning Remains Steady in Market Performance

Karachi, Dewan Farooque Spinning (DFSM) sustained its market performance with a steady trading rate of Rs. 3.07 today, closely aligned with its daily average rate of Rs. 3.03. Throughout the year, the share price has varied between Rs. 977.51 and Rs. …

Askari Bank Limited Announces Multiple Tranche Financings

Karachi, Askari Bank Limited has unveiled two privately placed debt securities with substantial total issues. The first, a perpetual security known as “TFC (Tier-I) AKBLTFC6,” and the second, a ten-year “TFC (Tier-II) AKBLTFC7,” each have an issue siz…

Habib Bank Limited Launches Perpetual Debt Instrument

Karachi, Habib Bank Limited has issued a perpetual debt instrument “TFC (Tier-I) HBLTFC2” with a total issue size of Rs. 12.374 billion. This move signifies a robust financial maneuver in its capital structure. The next coupon payment for this instrum…

Hub Power Holdings Limited Offers New Sukuk

Karachi, Hub Power Holdings Limited has announced the issuance of a sukuk named “HUBPHLSC” with a face value of Rs. 100,000 and a tenor of 5 years. The total issue size for the sukuk is Rs. 6 billion, with the next payment due on May 12, 2024.

JS Bank Limited Issues Two New Debt Securities

Karachi, JS Bank Limited is set to issue two new debt securities, both integral to its funding strategy. The “TFC (Tier-I) JSBLTFC2” is a perpetual instrument, and the “TFC (Tier-II) JSBLTFC3” has a seven-year maturity, each with an issue size of Rs. …

J.A.Textile Mills Ltd. Reports Flat Performance with No Dividends

Karachi, J.A.Textile Mills Ltd. (JATM) reported no distributions for the fiscal years 2022 through 2024. The company’s stock traded at 74.45 rupees today, with a daily average of 74.87 rupees and a turnover high of 126.01 million rupees. The firm, est…