United Bank Limited to Disburse Coupon on Perpetual TFC in July

Karachi, United Bank Limited (UBL) has announced the next coupon payment date for its perpetual term finance certificate (TFC) on July 29, 2024. The TFC, symbol UBLTFC5, has a face value of 5,000 rupees per lot and a profit rate of 3M KIBOR + 1.55%. According to information available from the Pakistan Stock Exchange (PSX), UBL issued these TFCs totaling 10 billion rupees, with the full amount outstanding.