Habib Bank Limited Sets Terms for Perpetual Debt Offering

Karachi, Habib Bank Limited today disclosed details of its perpetual debt offering. The security has a profit rate pegged at 3M KIBOR + 1.6%, with a significant outstanding principal sum of Rs. 12.374 billion. The next coupon date is set for June 26, 2024. The bond is issued in market lots of one, with each unit valued at Rs. 100,000.