Askari Bank to Exercise Call Option on Rs. 6 Billion TFCs

Askari Bank Limited has announced its decision to exercise the Call Option on its Rated, Subordinated, and Unsecured Term Finance Certificates (TFCs) worth Rs. 6 billion. The bank disclosed this material information to the Pakistan Stock Exchange (PSX). The Call Option will be exercised in full on September 17, 2025, as per Clause 3.12 of the Trust Deed dated December 24, 2019, and Clause 27 of the Terms and Conditions outlined in the Trust Deed. On this date, Askari Bank will redeem the entire principal amount of Rs. 6 billion, along with accrued profit, subject to applicable deductions for Zakat and tax. TFC holders eligible for the Call Option will be determined based on transfers received by the Registrar by the close of business on September 1, 2025.