Samba Bank Limited has formally requested the Pakistan Stock Exchange (PSX) to delist its Tier-II Term Finance Certificates (TFCs) following the successful redemption of the entire issue earlier this year. The move marks the final regulatory step after the bank settled all outstanding obligations to certificate holders.
Call Option Exercised Under Issue Terms
Earlier this year, Samba Bank informed the Pakistan Stock Exchange of its decision to exercise the call option on its Tier-II TFCs in accordance with the terms of the issue.
Following the exercise of the call option, the bank redeemed the entire outstanding principal amount along with all accrued markup. Payments were credited to the accounts of certificate holders by March 3, 2026.
The redemption effectively brought the debt instrument to maturity ahead of its scheduled timeline.
All Obligations Fully Settled
With the completion of the redemption process, Samba Bank confirmed that it has fully discharged all liabilities related to the TFC issue.
The bank stated that there are no outstanding certificates remaining in the market, paving the way for the securities to be formally removed from trading.
CDC Revokes Securities
As part of the delisting process, Samba Bank also approached the Central Depository Company of Pakistan Limited (CDC) for the revocation of the securities.
In a letter dated March 31, 2026, the bank confirmed that the TFCs, traded under the symbol SBL TFC, were free from any lien or encumbrance and requested their removal from the Central Depository System in accordance with applicable CDC regulations.
An indemnity letter was also submitted confirming that the TFCs matured on March 2, 2026, and that all payments due to investors had been settled in full.
PSX Delisting Request Submitted
In its latest communication dated July 31, 2026, Company Secretary Syed Zia-ul-Husnain Shamsi formally requested the Pakistan Stock Exchange’s Delisting Department to remove the Tier-II TFCs from the Official List.
The request has been submitted in accordance with the PSX Rule Book and other applicable regulatory requirements.
The bank also informed the exchange that it is prepared to provide any additional documents or information required to complete the delisting process.
Conclusion
The proposed delisting marks the formal closure of Samba Bank’s Tier-II TFC programme following the successful exercise of its call option and the full redemption of the issue. With all investor obligations settled and the securities withdrawn from the Central Depository System, the delisting represents the final administrative step in concluding the debt instrument.