Habib Bank Limited Sustains Market with Perpetual Debt Offering

Karachi: Habib Bank Limited has sustained its market presence with a perpetual debt offering. The Tier-I TFC, with a market lot of 1 and a face value of Rs. 100,000, comes with a profit rate based on 3-month KIBOR plus 1.6%. The total issue size stands at Rs. 12,374,000,000, all of which is outstanding. The next coupon payment is scheduled for 26 December 2023.