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The Financial Express

Completion of maturity

Bourses to delist Brac Bank bond today

| Updated: January 16, 2018 11:43:21


Evaly and Fianancial Express Evaly and Fianancial Express
Bourses to delist Brac Bank bond today

Subordinated 25 per cent Convertible Bonds of BRAC Bank will be de-listed from both the stock exchanges today (Monday) on completion of its maturity, according to information of stock exchanges.

The board of Dhaka Stock Exchange (DSE) took a decision on January 10 last to de-list the bond.

The Chittagong Stock Exchange (CSE) also made a similar disclosure regarding de-listing of Subordinated 25 per cent Convertible Bonds of BRAC Bank.

The Subordinated 25 per cent Convertible Bonds of BRAC Bank got listed on the stock exchanges in 2011.

There are two corporate bonds listed with the stock exchanges. Another corporate bond is IBBL Mudaraba Perpetual Bond.

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