AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Meezan Bank To Raise PKR10 Billion Through Sukuk Issue : PSX

BoD also approve exercising of call option for earlier issued Sukuk of PKR 7 billion

admin-augaf by admin-augaf
August 13, 2021
in Business
Reading Time: 2 mins read
0
BoD also approve exercising of call option for earlier issued Sukuk of PKR 7 billion

Meezan Bank To Raise PKR10 Billion Through Sukuk Issue: PSX

Share on FacebookShare on TwitterWhatsapp

Karachi August 13 2021: The Board of Directors of Meezan Bank Limited has decided to raise PKR 10 billion to create buffer for meeting Tier II Capital requirement, as per information shared with investors by the Bank.

The Board of Directors of Meezan Bank Limited, in their meeting held on August 12, 2021 have resolved that, subject to obtaining approval from the State Bank of Pakistan, the Bank be and is hereby authorized to exercise the call option in full in relation to the Tier II Capital Sukuk Issue in the amount of PKR 7,000,000,000 (Pak Rupees Seven Billion) issued by the Bank on September 22, 2016.


A L S O || R E A D

Meezan Bank Became The Largest Bank At Pakistan Stock Exchange


Board of Directors have further authorized the raising of fresh Tier 2 Capital through issuance of Subordinated Instrument, in the form of Tier 2 Sukuk up to the extent of PKR 10,000,000,000 (Pak Rupees Ten Billion), to the general public by way of public offering and/or to eligible institutional and other investors by way of private placement in terms of State Bank of Pakistan's relevant rules, regulations, circulars and notifications, subject to obtaining all applicable corporate and regulatory approvals and completion of necessary formalities.

This also include PKR 3,000,000,000 or Pak Rupees Three Billion green shoe option.


Related Posts

PTCL and Ufone among Technology companies awarded PKR11.5 billion Projects

Pakistan first agriculture supply chain platform Jiye Technologies raises USD2.5 million

SBP Inject PKR 381.75 Billion For 63 Days at 9.85 Percent

Pakistan first savings and rewards platform Savyour raises USD3.3 millions in seed funding


Tags: Pakistanpakistan stock exchange
admin-augaf

admin-augaf

Related Posts

IMF,
Business

IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program

March 21, 2023
Tax Exemption for IT Freelances
Business

Pakistan Technology Exports Declined 3% In February 2023

March 20, 2023
Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China
Business

Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

March 20, 2023

Recent News

IMF,

IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program

March 21, 2023
Tax Exemption for IT Freelances

Pakistan Technology Exports Declined 3% In February 2023

March 20, 2023
Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

March 20, 2023
Rich To Pay For 100 Rupees Subsidy On Petrol For Poor People – Pakistan Petroleum Minister

Rich To Pay For 100 Rupees Subsidy On Petrol For Poor People – Pakistan Petroleum Minister

March 20, 2023
PSX Added 30 New Companies To Shariah Compliant Index

Pakistan Stock Exchange Changes Two Brokerage Houses To Trading Only Category

March 20, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program
  • Pakistan Technology Exports Declined 3% In February 2023
  • Japan Plans $75 Billion Investment Across Indo-Pacific To Counter China

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

IMF,

IMF Sees ‘Substantial Progress’ by Pakistan Toward Loan Program

March 21, 2023
Tax Exemption for IT Freelances

Pakistan Technology Exports Declined 3% In February 2023

March 20, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.