Soneri Bank Limited Offers Tier-I Debt Security

Karachi: Soneri Bank Limited's Tier-I debt security, SNBLTFC3, carries a perpetual tenure with a profit rate of 6M KIBOR+2.00%. The total issue size stands at 4 billion Rs., matching the outstanding principal, with the next coupon payment due on 06-12-2023, underscoring the bank's perpetual debt strategy.