Islamabad January 31 2023: Trading in Term Finance Certificate of PKR 6,500 Million of Habib Bank Limited to start from tomorrow at Pakistan Stock Exchange.
The Pakistan Stock Exchange is pleased to notify the listing of Privately Placed, Unsecured, Subordinated, Perpetual, Non-Cumulative and Contingent Convertible (AT-1) Term Finance Certificates (TFCs) of PKR 6,500 Million of Habib Bank Limited (the “Bank”) on the Exchange w.e.f. Tuesday, January 31, 2023 pursuant to Chapter 5C of PSX Rule Book, i.e. “Privately Placed Debt Securities’ Listing Regulations”. Trading in the TFCs will commence from Wednesday, February 01, 2023 through Bond Automated Trading System (BATS) and will be settled through National Clearing Settlement System (NCSS) on T+1 basis.
The TFCs offer a floating coupon rate of 3 months KIBOR plus 200 bps for the period at the end of which the Bank is compliant with Minimum Capital Requirement, Capital Adequacy Ratio and Leverage Ratio.
Pak Brunei Investment Company Limited is acting as the Issuing 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 100,000/- each. The Bank has not appointed a Designated Market Maker for this issue.
The National Clearing Company of Pakistan Limited has assigned the Security Symbol “HBLTFC3” to the TFCs of the Bank.
