The Bank of Punjab to Pay Next Coupon for Perpetual Debt on June 20

Karachi, The Bank of Punjab, listed under privately placed debt securities on the Pakistan Stock Exchange, announced its next coupon payment date as June 20, 2024. The bank has issued perpetual debt with a market lot of one and a face value of PKR 100,000. The profit rate is set at 6M KIBOR plus 2.00%, with an outstanding principal amount of PKR 8,017,500,000.