Bank Alfalah to issue Medium Term Note program of upto PKR 50 billion

News Image

MG News | August 05, 2020 at 02:29 PM GMT+05:00

0:00

August 5, 2020 (MLN): Bank Alfalah Limited is intending to issue a Medium Term Note (MTN) Program of upto PKR 50 billion to hedge its fixed-rate assets, PSX announced on Wednesday.

The MTN Program will be in the form of Rated, Secured, Listed, Redeemable Fixed Term Finance Certificates (TFCs), that too in multiple tranches having individual instrument maturity of 3 years or more by way of a combination of Pre-IPO placement and Initial Public Offering through Pakistan Stock Exchange.

The announcement further said that the instrument will be secured against government securities.  

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,935.00 120,695.00
116,090.00
-3300.00
-2.74%
BRENT CRUDE 68.74 69.41
68.60
-0.47
-0.68%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.56 67.13
66.22
-0.42
-0.63%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg