Bank Al Habib Limited Announces Two New Tiered TFC Issues

Karachi, Bank Al Habib Limited has launched two new Term Finance Certificates (TFCs), including a Tier-I perpetual security and a Tier-II 10-year security, as announced on the Pakistan Stock Exchange. The Tier-I perpetual TFC, symbol BAHLTFC9, has been issued with a total size of Rs. 7 billion, with a next coupon date set for April 25, 2024. Concurrently, the Tier-II 10-year TFC, symbol BAHLTFC10, also carries a total issue size of Rs. 7 billion, with its next coupon date scheduled for June 23, 2024. Both issues are marked with a face value of Rs. 5,000 per lot.