Karachi June 7 2023: Pakistan Stock Exchange Limited is pleased to notify the listing of Privately Placed, Rated, Unsecured and Subordinated, Tier 2 Capital, Term Finance Certificates (TFCs) of PKR 7,000 Million of Bank Al Habib Limited on the Exchange w.e.f. Thursday, June 08, 2023.
Trading in the TFCs will commence from Friday, June 09, 2023 through PSX provided trading platforms and will be settled through National Clearing Settlement System (NCSS) on T+1 basis.
The TFCs have a tenor of up to 10 years from the Issue date and offer a floating coupon rate of 6 months KIBOR plus 135bps. Pak Brunei Investment Company Limited is acting as the Issue Agent.
Only Qualified Institutional Buyers (QIBs), as defined in Chapter 5C of the PSX Rule Book, are allowed to trade in the TFCs of the Bank. The Market Lot will be one Certificate of face value of PKR 5,000/- each.
The National Clearing Company of Pakistan Limited has assigned the Security Symbol "BAHLTFC10" to the TFCs of the Bank.