In a notice to sent to the PSX, Samba Bank Limited (SBL) has announced that it will exercise the call option on its PKR 5 billion subordinated and unsecured Tier-II term finance certificates (TFCs), in line with approval from its Board of Directors and the State Bank of Pakistan (SBP). The redemption of the TFCs, totaling PKR 4.99 billion, will take place on March 2, 2026, following the passing of an extraordinary resolution by the required majority of the TFC holders.
This decision comes after the approval granted on October 20, 2025, and SBP’s confirmation on January 2, 2026. The TFC holders will receive the principal amount along with the accrued profit as of the redemption date, subject to applicable tax and Zakat deductions.
The transfer books for the TFCs will remain closed from February 20 to February 27, 2026. Only those transfers received by the registrar, FAMCO Share Registration Services, by the close of business on February 19, 2026, will be considered for the entitlement under the call option.
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