Karachi, Bank Alfalah Limited has issued Tier-I Term Finance Certificates (TFCs) with a perpetual tenor, indicating an indefinite period until redemption. The TFCs, labeled BAFLTFC6, have been set with a market lot of 1 and a face value of Rs. 5,000. The profit rate for these certificates is determined as 6M KIBOR + 1.5%. Bank Alfalah has successfully issued TFCs worth Rs. 7,000,000,000, maintaining the same outstanding principal amount. The next coupon date is slated for September 26, 2024.