BAFL to list Rs20bn subordinated privately placed TFCs on PSX
Mettis Global • • 1 min read
.png%3Fwidth%3D950%26height%3D450%26format%3DWebp&w=3840&q=75)
Bank Alfalah Limited plans to list Rs20 billion of rated, unsecured and subordinated privately placed TFCs on the Pakistan Stock Exchange, according to Mettis Global. Listing begins on Friday, 25 September, and trading is due to start on Monday, 28 September. The exchange notice cites Chapter 5C of its rulebook, which covers privately placed debt listings.
Only Qualified Institutional Buyers may deal in the certificates. Trading will run on the PSX platform, with settlement on T+1 terms through the National Clearing Settlement System. The return floats against 6-month KIBOR plus 100 bps, and the paper can run for as long as 10 years after issue. Each certificate is a market lot and carries a face value of Rs100,000.
Pak Oman Investment Company Limited is acting as Investment Agent, while F.D. Registrar Services (Pvt) Ltd serves as Registrar and Transfer Agent. The National Clearing Company of Pakistan Limited has given the security the code BAFLTFC9.
At a glance
- Bank Alfalah will list Rs20 billion of privately placed TFCs on the PSX from 25 September.
- Trading is restricted to Qualified Institutional Buyers and starts on 28 September.
- Returns float at 6-month KIBOR plus 100 bps over a term of up to 10 years.
Stocks in this story
Originally reported by Mettis Global
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More on BAFL
Bank Alfalah quits Kabul after 20 yearsDawn• 7 Nov 2026Neutral coverage
Bank Alfalah exits Afghanistan after 21 years, transfers operations to Ghazanfar BankProfit• 6 Nov 2026Neutral coverage
BAFL completes sale of Afghanistan operations to Ghazanfar BankMettis• 6 Nov 2026Neutral coverage
Pakistan’s Bank Alfalah exits Afghanistan after 20 yearsBR• 6 Nov 2026Neutral coverage
Bank Alfalah 9M profit jumps 42% to Rs30bnMettis• 22 Oct 2026Positive coverage
TDAP Overhaul: Time to Move Beyond Trade Fairs and Deliver Export ResultsMettis• 9 Nov 2026
