Loading...
The Financial Express

Two banks, one NBFI to issue Tk 14b bonds

| Updated: June 17, 2021 17:02:10


Two banks, one NBFI to issue Tk 14b bonds

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

According to separate filings with the Dhaka Stock Exchange (DSE) on Wednesday, National Credit and Commerce Bank will issue non-convertible subordinated bonds worth Tk 7.0 billion, Dhaka Bank to issue Tk 4.0 billion perpetual bonds, and Delta Brac Housing Finance Corporation will issue Tk 3.0 billion zero-coupon bonds.

NCC Bank: The board of directors of the bank has approved in principle for issuing of ‘NCC Bank Non-Convertible Subordinated Bond-2’ valuing Tk 7.0 billion only to have capital support under Tier 2 Capital of Basel III subject to the approval of Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank.

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

Dhaka Bank: The board of directors of the bank has decided to raise Tk 4.0 billion through the issuance of contingent-convertible Perpetual Bond as additional Tier-1 (AT-1) capital to support the bank’s Basel- III compliance in line with Bangladesh Bank guidelines on the risk-based capital adequacy of December 2014 subject to the approval of regulatory authorities- 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.

DBH: 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, in single or multiple tranches) only through private placement.

Tenure of the bond is up to four years from the issue date subject to the approval of 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.

[email protected]

Share if you like