Islamabad, Aug 15, 2025: Askari Bank Limited has officially confirmed that it will exercise its Call Option on Rated, Subordinated, and Unsecured Term Finance Certificates (TFCs) valued at Rs. 6 billion. The announcement, disclosed to the Pakistan Stock Exchange (PSX), marks a significant financial move by the bank.
According to the details, the Askari Bank Call Option will be executed in full on September 17, 2025, in line with Clause 3.12 of the Trust Deed dated December 24, 2019, and Clause 27 of its Terms and Conditions. On this date, the bank will repay the total principal amount of Rs. 6 billion along with the accrued profit, subject to applicable Zakat and tax deductions.
- Option Redemption Date: September 17, 2025
- Transfer Book Closure: September 2 to September 16, 2025 (both days inclusive)
- Registrar: CDC Share Registrar Services Limited, Lahore
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Eligibility for the redemption will be determined based on ownership transfers recorded with the Registrar by the close of business on September 1, 2025. This Askari Bank Call Option announcement underscores the bank’s commitment to meeting its financial obligations promptly and efficiently.
