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Bank Alfalah Ltd will issue rated, unsecured, subordinated, and listed or privately placed term finance certificates (TFCs) worth Rs 5 billion. According to financial results of the bank despatched to Karachi Stock Exchange (KSE) here on Friday, the bank said that its board of directors, which met in Abu Dhabi on Thursday has recommended to issue this redeemable capital.

Copyright Associated Press of Pakistan, 2009

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