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Payment to TFC holders

Published November 29, 2006
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KARACHI, Nov 28: TeleCard Limited announced that the third TFC redemption equivalent to Rs312.177 million as per the redemption schedule had been released through the trustee, Faysal Bank Limited, on Tuesday.

The latest payment has resulted in a total payout to date of over Rs620 million in repayment of Rs2.4 billion raised in May 2005. The balance repayments are scheduled to be completed by 2011, says a press release.

The respective redemption warrants have been dispatched to the registered addresses of the TFC holders through courier on November 27, 2006.

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