Karachi December 22 2022: The Pakistan Stock Exchange notify the listing of Privately Placed, Unsecured, Subordinated, Perpetual and Non-Cumulative (AT-1) Term Finance Certificates (TFCs) of PKR 8,017.5 Million of The Bank of Punjab (the “Bank”) on the Exchange w.e.f. Thursday, December 22, 2022.
The listing of TFC is pursuant to Chapter 5C of PSX Rule Book, i.e. “Privately Placed Debt Securities’ Listing Regulations”.
Trading in the TFCs will commence from Friday, December 23, 2022 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 6 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 Agent to the Issue. 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 “BOPTFC2” to the TFCs of the Bank
