Habib Bank Limited Engages in Perpetual Financing with TFC

Karachi: Habib Bank Limited has engaged in perpetual financing with its TFC, HBLTFC2, offering a profit rate of 3M KIBOR+1.6%. The issue size of this Tier-I debt security is approximately 12.374 billion Rs., equal to its outstanding principal. Coupon payments are anticipated on 26-Dec-2023, marking the bank's strategic financial management.