SBL to exercise call option in full on Rs5bn Tier-II finance certificates

February 19, 2026 (MLN): Samba Bank Limited (PSX:SBL) has issued notice to holders of its rated, subordinated and unsecured Tier-II term finance certificates worth Rs5 billion that it will exercise the call option in full.

The TFC issue was originally executed on February 24, 2021, under an agreement between Samba Bank and Pak Oman Investment Company Limited as the issue agent, according to the company's statement issued today.

The board of directors approved the call option exercise at its meeting held on October 20, 2025, with subsequent approval received from the State Bank of Pakistan on January 2, 2026.

An extraordinary resolution has been duly passed by the requisite majority of TFC holders in favor of exercising the call option.

The date to exercise the call option has been set as March 2, 2026, being the next working day after March 1, 2026, which falls on a holiday.

On the option redemption date, the bank will redeem in full the entire principal outstanding amount of Rs 4,991,000,000 (approximately Rs4.99bn) along with accrued profit as per the said date, subject to deduction of Zakat and Tax at source as applicable laws require.

For determining entitlement under the call option, the transfer books pertaining to the TFC issue will remain closed from February 20, 2026 to February 27, 2026 (both days inclusive).

Transfers received by FAMCO Share Registration Services (Pvt.) Limited at the close of business on February 19, 2026, will be considered for entitlement under the call option.

Copyright Mettis Link News