SBP gives approval to Silkbank for issuance of TFCs of PKR 2 billion to help meet CAR

MG News | June 15, 2017 at 01:24 PM GMT+05:00

0:00

In a notice sent to the PSX, Silkbank announced that the State Bank of Pakistan has granted final approval to the Bank for issuance of Rated, Privately placed, Unsecured and Subordinated Term Finance Certificates (TFCs) of PKR 2 billion (inclusive of Green Shoe Option of up to PKR 500 million) subject to the compliance with relevant laws, rules and regulations.

The TFC Issue will contribute towards the Silkbank's Tier II Capital for complying with the Capital Adequacy Ratio (“CAR”) requirement prescribed by the State Bank of Pakistan under it Basel III framework and the funds so raised will be utilized towards the Bank's business operations.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,507.76 103.51M	0.70% 1193.90
ALLSHR	103,624.31 329.56M	0.59% 608.73
KSE30	52,276.98 53.11M	0.82% 422.92
KMI30	243,801.84 35.10M	0.64% 1542.15
KMIALLSHR	66,978.97 156.33M	0.38% 254.79
BKTi	47,475.76 23.42M	1.31% 614.33
OGTi	33,621.10 3.14M	0.02% 5.84

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,660.00	87,030.00 85,930.00	695.00 0.81%
BRENT CRUDE	60.13	60.67 59.75	0.45 0.75%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.50	96.50 95.90	0.85 0.89%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.27	56.85 55.91	0.46 0.82%
SUGAR #11 WORLD	14.76	14.89 14.72	-0.06 -0.40%