Kashf Foundation Debuts in Debt Market with Four-Year TFC

Karachi, Kashf Foundation has entered the debt market with the issuance of its first TFC, “KFTFC1,” as per the details filed with the Pakistan Stock Exchange. The four-year TFC has a total issue size of Rs. 2 billion, with an outstanding principal amount of Rs. 666.67 million. This TFC is scheduled for its next coupon payment on September 30, 2023, and each market lot has a face value of Rs. 1,000,000, indicating the Foundation’s venture into market-based fundraising.