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[Bank Alfahal to List Rs20bn Subordinated Private-Titled TFCs on PSX – Mettis Group]
September 24, 2026 (MLN): Bank Alfahal Limited (PSX:BAFL) will list its\nRs20bn rated, unsecured, subordinated, privately placed term finance\ncertificates (TFCs) on the Pakistan Stock Exchange (PSX) from Friday,\n25 September, with trading set to begin on Monday, 28 September.
The bourse stated in a notice that the listing falls under\nChapter 5C of the PSX Rule Book, the Privately Placed Debt Securities\’\nListing Regulations. Trading will take place on the PSX-provided platform,\nand trades will be settled through the National Clearing Settlement System\n(NCSS) on a T+1 basis.
Only Qualified Institutional Buyers (QIBs),\nas defined in Chapter 5C, will be allowed to trade in the TFCs.
The TFCs have a tenor of up to 10 years from the issue\ndate and carry a floating coupon of 6-month KIBOR plus 100 bps.
The market lot is one certificate with a face value of\nRs100,000.
Pak Oman Investment Company Limited is acting as the\nInvestment Agent, while F.D. Registrar Services (Pvt) Ltd is the Registrar and\nTransfer Agent for the issue.
The National Clearing Company of Pakistan Limited has\nassigned the security symbol BAFLTFC9 to the TFCs.
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.png?width=950&height=450&format=Webp&w=1024&resize=1024,1024&ssl=1 "Bank Alfalah Announces Listing of Rs20 Billion Subordinated Private TFCs on Pakistan Stock Exchange")
