Bank Alfalah Limited Issues Perpetual Tier-I Term Finance Certificate

Karachi: Bank Alfalah Limited has issued a perpetual Tier-I Term Finance Certificate (TFC), offering a profit rate of 6-month KIBOR plus 2.00%. The market lot is 1 with a face value of Rs. 5,000. The total issue size is Rs. 7,000,000,000, which is entirely outstanding. Investors are looking forward to the next coupon date, which is set for 21 December 2023.