The Karachi Stock Exchange (Guarantee) Limited’s Listing of 1st Issue of Unsecured, Subordinated, Rated and Listed Term Finance Certificates (TFCs) of Summit Bank Limited
Karachi: The Karachi Stock Exchange (Guarantee) Limited (KSE) has approved the application for listing and quotation of 1st Issue of Unsecured, Subordinated, Rated and Listed Term Finance Certificates (TFCs) of Rs.1,500 Million of Summit Bank Limited on completion of formalities required under the Listing Regulations of the Exchange. It is, therefore, notified that:-
1) Trading in the TFCs of the Bank will start on this Exchange from 01.12.2011. All transactions taking place in respect of the above TFCs on the Exchange’s Bonds Automated Trading System (BATS) shall be settled on T+1 settlement basis from the above dated.
2) The TFCs of the Bank have already been declared eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transaction shall be settled through the NCCPL, which has assigned Security Symbol as “SMBLTFC” vide letter No. NCCPL/CS/505/11 dated June 20, 2011.
3) Pak Brunel investment Company Limited will act as a Market Maker of the issue, who has appointed invest and Finance Securities Limited, Corporate Member of the Exchange, as the designated member, which shall offer bid and ask quotes for the TFC Issue, as disclosed under Clause No.2.24 of the Prospectus.
4). The Transfer Agent of the TFCs of the Bank is Technology Trade (Pvt.) Limited, Dagia House, 241-C, Block-2, P.E.C.H.S., Off: Shahrah-e-Quaideen, Karachi, Tel: 34391316-7 Fax: 34391318.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136