Summit Bank Limited Announces Seven-Year TFC

Karachi, Summit Bank Limited has issued a seven-year Term Finance Certificate, SMBLTFC. This financial instrument has a market lot and face value of 1 and Rs. 5,000, respectively. It features a profit rate of 6-month KIBOR + 3.25%. The total issue size is set at Rs. 1.5 billion, with an outstanding principal of Rs. 1.4955 billion. The information regarding the next coupon date was not provided.