Askari Bank Announces Redemption of Rs. 6 Billion Term Finance Certificates
Askari Bank Limited has officially confirmed it will exercise the Call Option on its Rated, Subordinated, and Unsecured Term Finance Certificates (TFCs) amounting to Rs. 6 billion. The announcement was shared as a material disclosure with the Pakistan Stock Exchange (PSX).
According to the bank, the Call Option will be fully executed on September 17, 2025, in line with Clause 3.12 of the Trust Deed dated December 24, 2019, and Clause 27 of its Terms and Conditions. On this date, Askari Bank will repay the entire principal amount of Rs. 6 billion along with accrued profit, after making necessary deductions for Zakat and applicable taxes.
The transfer book will remain closed from September 2 to September 16, 2025 (both days inclusive). Eligibility for this redemption will be determined based on transfers received by the registrar, CDC Share Registrar Services Limited, Lahore, by the close of business on September 1, 2025.
This move reflects Askari Bank’s commitment to honoring its financial obligations and ensuring timely payouts to its investors, reinforcing confidence in its stability within Pakistan’s banking sector.
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