Karachi: Askari Bank Limited has announced the book closure for its 21st quarterly profit payment concerning the Privately Placed, DSLR Listed Term Finance Certificates (TFC-VII) Issue. The issue, valued at Rs. 6.00 billion, is set to disburse its profit payment on June 17, 2025.

The bank has confirmed that the transfer books related to this financial instrument will be closed from June 10, 2025, to June 16, 2025, both days inclusive. This closure period is intended to facilitate the processing of the upcoming profit payment scheduled for stakeholders involved in this financial issuance.

The issuance of these Rated, Unsecured, OTC Listed Perpetual Term Finance Certificates commenced on March 17, 2020, and forms a significant part of the bank's financial offerings. According to information available from the Pakistan Stock Exchange (PSX), market participants and TRE Certificate Holders are advised to take note of the closure period to ensure proper alignment with the bank's financial operations.

The designated market category for this financial instrument remains a pivotal aspect of the bank's structured finance strategy. The book closure serves as a customary process in preparation for the forthcoming profit distribution. Stakeholders are encouraged to verify their holdings and remain informed about the proceedings as the specified dates approach.