United Bank Limited Lists Perpetual Tier-I Debt Instrument

Karachi: United Bank Limited has listed its perpetual Tier-I debt instrument, UBLTFC5, with a 3M KIBOR+1.55% profit rate. The total issue size and outstanding principal are both at 10 billion Rs. The instrument's coupon is set to be paid next on 29-01-2024, signifying the bank's ongoing financing activities.