Samba Bank to redeem around Rs5bn Tier-II Bonds in March

MG News | February 20, 2026 at 10:46 AM GMT+05:00

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February 20, 2026 (MLN): Samba Bank Limited (PSX: SBL) is planning to fully redeem its Rated, Subordinated, and Unsecured Tier II Term Finance Certificates (TFCs) worth Rs5 billion, under a call option approved by its board and endorsed by the State Bank of Pakistan.

The call option redemption is scheduled for March 2, 2026, as March 1 falls on a holiday.

The bank will repay the entire principal of Rs4,991,000,000 (approx. PKR 4.99 billion) along with accrued profit, subject to applicable tax and Zakat deductions.

This move follows the extraordinary resolution passed by TFC holders, granting the bank the green light to exercise the call option in full.

Transfer books for the TFCs will remain closed from February 26 to 27, 2026, with transfers recorded by February 25 considered for entitlement.

The redemption of these Tier II instruments marks a significant capital management step for Samba Bank, reflecting both investor confidence and the bank’s proactive approach to optimizing its debt structure.

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