BAFL to list Rs20bn subordinated privately placed TFCs on PSX
Bank Alfalah Limited (PSX:BAFL) will list its Rs20bn rated, unsecured, subordinated, privately placed term finance certificates (TFCs) on the Pakistan Stock Exchange (PSX) from Friday, 25 September, with trading set to begin on Monday, 28 September. The bourse said in a notice that the listing falls under Chapter 5C of the PSX Rule Book, the Privately Placed Debt Securities' Listing Regulations. Trading will take place on the PSX-provided platform, and trades will be settled through the National Clearing Settlement System (NCSS) on a T+1 basis.