Karachi: United Bank Limited (UBL) has announced the book closure period for the entitlement of the 26th quarterly coupon payments on its Additional Tier 1 Term Finance Certificates (TFCs). The payments are scheduled to be disbursed on July 29, 2025, marking a key financial cycle for the bank.

The TFC transfer books of UBL will remain closed from July 21 to July 28, 2025, inclusive of both days, to determine the entitlement for the forthcoming coupon payments. Transfers that are submitted and received by the close of business on July 18, 2025, at the bank's registrar and share/certificate transfer agent in Karachi, will be considered timely for entitlement purposes.

According to information available from the Pakistan Stock Exchange (PSX), the payments will be processed through electronic bank transfers or pay orders, depending on the requirements, on the immediate next working day following the book closure period. This systematic approach ensures that all entitled TFC holders receive their payments without delay.

This procedural announcement from UBL holds significance for stakeholders, particularly those involved in the designated market category of financial instruments. The bank's commitment to maintaining a transparent and efficient payment process underscores its operational protocols within the financial sector.