Bank Alfalah Limited Continues with Perpetual Debt Issuance

Karachi, Bank Alfalah Limited, issuing under the symbol BAFLTFC6, has offered a perpetual term financing certificate (TFC) with a face value of Rs. 5,000, featuring a profit rate tied to the 6-month KIBOR plus 1.5%. According to the Pakistan Stock Exchange (PSX), this instrument has a total issue size of Rs. 7,000,000,000, with the same amount still outstanding. Investors are looking ahead to the next coupon payment due on 26 September 2024.