JS Bank Limited Announces Compliance with PSX Regulations Through Debt Security Payments

Business & Finance

Karachi: JS Bank Limited has fulfilled its obligations under the Pakistan Stock Exchange (PSX) regulations by completing the scheduled payment of profits and the repayment of the principal amount for its debt securities, JSBLTFC-IV, on June 28, 2024.

The bank was in compliance with paragraph 5C.8(xii)(b) of the PSX Regulations, ensuring the prompt distribution of profits and principal to holders of JSBLTFC-IV debt securities, which were issued on December 28, 2021, and are identified by the symbol JSBLTFC3. According to information available from the Pakistan Stock Exchange (PSX), JS Bank Limited reported that as of June 28, 2024, a total profit payment of Rs. 1,221,683,649 was made to the investors.

Additionally, the bank successfully redeemed Rs. 2,500,000 in principal, with the outstanding principal amount now standing at Rs. 2,497,500,000. This action underscores JS Bank's adherence to regulatory requirements and its commitment to its debt security holders.