The boards of directors of three companies, including two banks, have decided to issue bonds worth Tk 14 billion.

According to separate documents filed with the Dhaka Stock Exchange (DSE) on Wednesday, the National Credit and Commerce Bank will issue Tk 7.0 billion non-convertible subordinated bonds, Dhaka Bank will issue perpetual bonds of 4, Tk 0 billion and the Delta Brac Housing Finance Corporation will issue Tk 3.0 billion of zero coupon bonds.

NCC Bank: The bank’s board of directors approved in principle the issuance of “NCC Bank Non-Convertible Subordinated Bond-2” worth Tk 7.0 billion solely to benefit from capital support under Tier 2 Capital Basel III subject to approval by Bangladesh Securities and Exchange Commission (BSEC) and Bank of Bangladesh.

Each share of the bank, which was listed on the DSE in 2000, closed at Tk 14 each on Tuesday.

Bank of Dhaka: The bank’s board of directors has decided to raise Tk 4.0 billion through the issuance of conditional perpetual convertible bonds as Tier 1 (AT-1) additional capital to support compliance of the bank. bank in Basel-III in accordance with the Bangladesh Bank’s Risk-Based Capital Adequacy Guidelines of December 2014 subject to regulatory approval – Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC).

Each share of the bank, which was listed on the DSE in 2000, closed at Tk 13.10 each on Tuesday.

DHH: The Board of Directors of Delta Brac Housing Finance Corporation has decided to raise Tk 3.0 billion through the issuance of non-convertible zero coupon bonds (in face value, single or multiple installments) only by the through a private placement.

The term of the bond can be up to four years from the date of issue, subject to the approval of the regulatory authorities – Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC).

Each share of the company, which was listed on the DSE in 2008, closed at Tk 80.60 each on Tuesday.

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