JS Bank Limited Secures Long-Term Financing with TFC

Karachi: JS Bank Limited has engaged in long-term financing through a Tier-II TFC, JSBLTFC3, featuring a seven-year tenure and a profit rate of 6M KIBOR+2.0%. The total issue size is 2.5 billion Rs., with a nearly equivalent outstanding principal. Investors anticipate the next coupon date on 28-Dec-2023, signaling the bank's financial strategy.