Three debt instruments worth Rs27.8bn listed on PSX in 1QFY27

Business Recorder reported that three debt instruments worth Rs27.8 billion were listed on the Pakistan Stock Exchange in the first quarter of FY26-27. The listings came from two banks and one corporate issuer, according to a PSX notice issued on Tuesday. Faysal Bank and Bank Alfalah each listed rated, unsecured, subordinated instruments, while At-Tahur listed a rated, secured sukuk.

Faysal Bank listed Rs7 billion in sukuk, while Bank Alfalah listed Rs20 billion in tier-2 term finance certificates. At-Tahur's issue was Rs800 million in secured sukuk. The exchange added that secondary market trading has started for all three, giving qualified institutional buyers access to conventional and Shariah-compliant forms alike.

Such an instrument works as borrowing from investors for a set period, with the issuer paying a fixed or floating return over the term. The principal is returned to the investor at maturity.