KARACHI (PR) - bank Alfalah Limited has announced the Initial Public Offering for its 5th Rated, Unsecured, Subordinated and Listed Term Finance Certificates Issue to the tune of Rs 1,250 million in order to raise subordinated debt. An investor briefing was held at the Karachi Stock Exchange to announce the ipo launch of the tfc . The proceeds of the tfc Issue shall be eligible for BAFL’s Tier II Supplementary Capital as per the guidelines set by the State bank of Pakistan.Speaking at the occasion at the Karachi Stock Exchange, Atif Bajwa, Chief Executive Officer of bank Alfalah, said, “The ipo for bank Alfalah’s 5th TFC is yet another step by the bank to facilitate and broaden the development of debt capital markets in Pakistan. Given the encouraging response the bank received during the pre-IPO phase, we are optimistic that potential investors will demonstrate similar interest towards the ipo . The bank aims to continue to introduce debt based instruments such as this tfc in order to continue diversifying the investor base and to create market instruments that have a value of their own.”“A well-developed and vibrant corporate debt market plays a pivotal role in the economic development of a country. We have been actively working together with all stakeholders to identify and implement specific measures required to further develop the domestic debt markets with an objective to provide more opportunities for retail savers, institutional investors, and debt issuers. 
bank Alfalah has remained one of the strongest, largest and most frequent issuers in the domestic debt capital market. The decision by bank Alfalah to list their tfc on the Karachi Stock Exchange shows their commitment to the development of this underutilized segment of our capital markets. The appointment of a market-maker for this instrument will not only ensure liquidity in the market but would also help provide a benchmark for corporate instruments of comparable credit quality,” said Nadeem Naqvi, Managing Director of the Karachi Stock Exchange.