Karachi, United Bank Limited, trading under the symbol UBLTFC5, has issued a perpetual TFC with a face value of Rs. 5,000. The profit rate is based on the 3-month KIBOR plus 1.55%. According to the Pakistan Stock Exchange (PSX), this instrument has a substantial total issue size of Rs. 10,000,000,000, fully outstanding. Investors can expect the next coupon payment on 29 July 2024.