JS Bank Limited Markets Two Perpetual Bonds

Karachi, JS Bank Limited has introduced two new offerings in its debt securities portfolio. The first is a perpetual bond with a profit rate of 6M KIBOR + 2.25%, carrying an outstanding principal of Rs. 2.5 billion, with the next coupon due on June 30, 2024. The second offering, a seven-year term bond, carries a profit rate of 6M KIBOR + 2.0% with a principal amount close to Rs. 2.498 billion. The coupon date for this bond is set for June 28, 2024. Each bond has a market lot of one, valued at Rs. 100,000.