LSE delists 3-year NSB Scheme

LAHORE: Lahore Stock Exchange has decided to delist National Saving Bonds of three years scheme (NSB3Y1) from tomorrow (Wednesday), as the bonds have been fully redeemed and duly certified by the Zonal Inspection and Accounts Office of National Savings Islamabad, said the LSE spokesman here Tuesday.

He said, the NSB scheme of total issue size of Rs 3,451 million was subscribed on January 12 to 26, 2010 and listed on the LSE on March 2, 2010 with a tenure of three years.

Meanwhile, the LSE Managing Director and Chief Executive Officer Aftab Ahmed Chaudhry congratulated the stakeholders of the National Savings Pakistan on reaching the successful maturity of the bonds.

He also highlighted the steps taken by the LSE contributing to build a mechanism that had produced more transparency in the trading of the shares as well as to secure the investment of the investors.