Karachi, Askari Bank Limited has successfully issued two tranches of debt securities: a perpetual term financing certificate (TFC) and a 10-year TFC. The perpetual TFC, symbolized as AKBLTFC6, carries a face value of 1,000,000 PKR with a profit rate of 6M KIBOR + 1.5%, and a total and outstanding issue size of 6,000,000,000 PKR. According to information available from the Pakistan Stock Exchange (PSX), the next coupon payment is scheduled for July 3, 2024. The 10-year TFC, AKBLTFC7, similarly priced, offers a profit rate of 3M KIBOR + 1.2%, with its next coupon due on June 17, 2024.