Corporate DisclosureABBANK
ABBANK Corporate Disclosure — 31 October 2018
Announcement summary
- What happened
- ABBANK published a corporate disclosure on 31 October 2018. Read the full announcement for details.
- Company
- AB Bank PLC.
- Announcement published
Original announcement
The company has informed that the Board has decided to issue through issuance of fully redeemable non-convertible 7 years variable rated subordinated bonds (AB Bank Subordinated Bond-IV of Tk. 500.00 crore) where the interest will be payable semi-annually (7%-10.50% or as approved by the Regulators) through Private Placement, for enhancement of Tier-II capital, subject to approval from the concerned Regulatory Authorities.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616aced55a6b00004005b6fa
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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