KARACHI: Askari Bank Ltd announced on Friday to redeem in full its Rs6 billion Term Finance Certificates (TFCs) by exercising a call option.
In a notice issued to the Pakistan Stock Exchange (PSX), the bank outlined its plan for the redemption, which refers to the repayment of a fixed-income security, such as a bond, either at or before its maturity date.
The bank confirmed that the redemption, scheduled for Sept 17, will cover the entire outstanding principal along with accrued profit up to that date, subject to applicable taxes and Zakat deductions. To determine eligibility, the bank will close the transfer books for the TFCs from Sept 2 to 16.
Published in Dawn, August 16th, 2025
