The Bank of Punjab Details Perpetual Debt Offering

Karachi, The Bank of Punjab today disclosed details of its perpetual debt securities with a face value of Rs. 100,000. The profit rate for these securities will be the 6-month KIBOR plus an additional 2.00%. The total outstanding principal for this issuance stands at Rs. 8,017,500,000, with the upcoming coupon payment scheduled for June 20, 2024.