Summit Bank Limited Sets High Profit Rate for Seven-Year TFC

Karachi, (PPI Bot): Summit Bank Limited has issued a seven-year Term Finance Certificate (TFC), SMBLTFC, with a market lot of 1 and a face value of PKR 5,000. This TFC offers a profit rate of 6M KIBOR + 3.25%. The total size of the issue is PKR 1.5 billion, with PKR 1.4955 billion remaining as the outstanding principal. The bank has not announced the next coupon date as of yet.